Report
Martijn Den Drijver

Arcadis : Preview Q3 2023: Good progress towards strategic EBITA margin target

>Continued EBITA margin expansion, approaching 2023 strategic target - Arcadis will release Q3 2023 results on October 26. We forecast organic growth of 7.1% (css at 7.1%), sales of €964m (css at €951m) and an operating EBITA of €98m or a margin of 10.1% (css at €99m or a margin of 10.4%). Using consensus, the YTD Q3 2023 operating EBITA margin comes to 9.9%, which is already near the strategic target of an operating EBITA margin >10% for 2023. We are more cautious on...
Underlying
Arcadis NV

Arcadis NV is a global asset design and consultancy company. The Company is engaged in providing consultancy, design, engineering and management services in the area of infrastructure, water, environment and buildings. The Company's segments include Americas; Europe and Middle East; Asia Pacific, and CallisonRTKL. Its business lines include infrastructure, water, environment and buildings. Infrastructure business line focuses on sustainable infrastructure solutions for transportation by road, rail, air and over water, and creating reliable energy supply systems. The Company is an environmental solutions provider to private industry, and delivers projects that protect the earth's resources. It offers water supply, treatment, management and conveyance solutions. The Company also offers contract solutions, master planning and sustainable urban development, commercially led program management, business advisory, data analysis and architecture and design solutions.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Martijn Den Drijver

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