Earnings release
Page 1
PRESS RELEASE ARCADIS Arcadis N.V. Gustav Mahlerplein 97-103 P.O. Box 7895 1008 AB Amsterdam The Netherlands Tel +31 20 2011 011 www.arcadis.com ARCADIS TRADING UPDATE Q1 2021 Arcadis reports strong first quarter results and continued good order intake • Continued strong demand from clients in Infrastructure , Water and Environment • Net revenues at € 632 million , organic growth of 0.5 % , FX impact of -4.5 % • Order intake at € 693 million , organic backlog growth at 3 % quarter - to - date Operating EBITA increased with 21 % to € 58 million ( Q1 2020 : € 48 million ) ; resulting in a margin improvement to 9.2 % ( Q1 2020 : 7.2 % ) Net working capital of 15.3 % ( Q1 2020 : 19.2 % ) ; DSO of 78 days ( Q1 2020 : 95 days ) Free cash flow improved to - € 39 million ( Q1 2020 : - € 84 million ) Amsterdam , April 20 , 2021 - Arcadis ( EURONEXT : ARCAD ) , the leading global Design & Consultancy organization for natural and built assets , reports improvements in operating EBITA of 21 % to € 58 million and in the operating EBITA margin to 9.2 % . Main drivers are the strong performance in North America and the UK , as well as a recovery in China . Net revenues at € 632 million were organically up 0.5 % , whilst the foreign currency impact was -4.5 % compared to Q1 2020. Order intake was again strong at € 693 million , leading to an organic backlog growth of 3 % quarter - to - date . CEO STATEMENT Peter Oosterveer , CEO comments : " I am pleased to report that we started 2021 strong , driven by the dedication of the more than 27,000 Arcadians who have continued to support our clients during the current pandemic . Working in close collaboration with our clients and our partners , we have advanced many projects and created ample new opportunities . Our business is demonstrating continued resilience and our institutionalized performance enhancements and the actions identified last year have created further margin improvement and strong order intake in the first quarter . Organic net revenue returned to growth and improved compared to the previous three quarters which , combined with our strong backlog , gives me confidence in our ability to create growth throughout the year , despite the still challenging environment . As we have started to implement our new strategy , “ Maximizing Impact " , we will obviously continue to focus on creating a lower carbon future and mitigating the impacts of climate change . This is clearly exemplified in the work we have won from both our public and private sector clients . Additionally , our recent wins in Infrastructure demonstrate our excellent position in capitalizing on the significant investments made in sustainable Infrastructure , in particular in Europe and the United States . " Improving quality of life