Continued strong growth, strategic margin target delivered

Net revenue of €932 million, with strong organic growth of 9.0%1
Operating EBITA margin improved to 10.6% (Q3'22: 10.3%) and 10.1% year to date, meeting the 2023 strategic target of >10%
Organic backlog growth at 5.4% (year-on-year), order intake in the quarter in line with seasonal pattern with strong pipeline opportunities
Strong cash generation of €117 million in the quarter, well above last year’s €38 million
On track to achieve the financial targets set for 2023

Amsterdam, 26 October 2023 – Arcadis (EURONEXT: ARCAD), the leading global Design & Consultancy organization for natural and built assets reports another quarter of continued strong growth and an increased operating EBITA margin of 10.6% (last year: 10.3%), meeting the strategic target of >10% with a year-to-date performance of 10.1%. Solid client demand results in organic net revenue growth of 9.0% year-over-year to €932 million for the quarter.

Alan Brookes, CEO Arcadis, comments: “Arcadis delivered another strong quarter driven by continued client demand particularly in environmental remediation, energy transition and innovative mobility solutions. Our strong growth and profitability have positioned us to deliver on our 2023 targets. The need for sustainable and digitally enabled solutions remains high on our clients’ agenda. We continue to see significant market opportunities and I am convinced that with the talent and expertise within the organization, we remain well positioned to seize the right opportunities and deliver high value to our clients.”

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https://www.arcadis.com/en/news/global/2023/10/arcadis-q3-2023-trading-update