Continued growth and improved operating margin as 2024-2026 strategy implementation commenced

SECOND QUARTER RESULTS

Net revenue of €991 million, solid organic growth of 6.0%1)
Strong order intake of €1.1B resulting in organic backlog growth of 5.6% year-on-year
Improved operating EBITA margin2) to 11.5% (Q2’23: 9.7%3)) driven by operating leverage and improved project portfolio
Free cash flow of €8 million (Q2‘23: €-26M), net working capital % of 12.7% (Q2‘23: 12.2%3))

Amsterdam, 25 July 2024 – Arcadis, the world’s leading company delivering data-driven sustainable design, engineering, and consultancy solutions for natural and built assets, sees continued growing client demand across all its business, resulting in net revenue of €991 million, organic growth of 6% and an improved operating EBITA margin of 11.5% (Q2‘23: 9.7%3)).

Alan Brookes, CEO Arcadis, said: “Arcadis has delivered a strong first half year of its strategy cycle 2024-2026. Sustained client demand across all our Global Business Areas and specifically in solutions across Energy Transition, Water, Technology and Mobility resulted in strong revenue growth and order intake in the quarter. Operating leverage, an improved project portfolio and cost control allowed us to further improve our margin and deleverage our balance sheet. Meanwhile, we achieved the first milestones in our strategy implementation through the roll out of our Skills Powered Organization, the advancing of the Arcadis Energy Transition Academy and expansion of the Global Excellence Centers. Our deep asset knowledge, global expertise and complementary set of services are key success factors allowing us to further drive continued profitable growth and to better serve our clients.”

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https://www.arcadis.com/en/news/global/2024/7/arcadis-second-quarter-and-half-year-results-2024