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Arcadis Q3 Revenue Improves On Significantly Higher Order Intake

Arcadis NV (ARCVF.PK), a Dutch engineering consultant, on Thursday recorded a rise in revenue for the third quarter, helped by significantly higher order intake.

Alan Brookes, CEO of Arcadis, said: "Arcadis has delivered another strong quarter with significant order intake mainly driven by large multi-year project wins, particularly in Mobility, providing further visibility on future performance. Client demand for a single delivery partner is accelerating, for instance for large infrastructure programs or for industrial manufacturing projects across different sectors."

For the three-month period to September 30, the company posted an operating EBITA of 109 million euros, higher than 100 million euros, registered for the same period last year.

Operating EBITDA was 137 million euros, up from prior year's 128 million euros.

Group order intake rose to 1.250 billion euros from previous year's 832 million euros, mainly from numerous large multi-year project wins.

Order intake at Mobility segment surged to 518 million euros from last year's 191 million euros.

Net revenue stood at 962 million euros as against 932 million euros a year ago.

Gross revenue was 1.239 billion euros, compared with 1.237 billion euros in 2023.

by RTTNews Staff Writer

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