Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

Arcadis backs brand to offset Brexit as revenue rises

Arcadis has claimed the strength of its brand will help weather challenging conditions caused by Brexit as it reported revenue growth for the third quarter.

The consultant posted a 12 per cent year-on-year rise in UK net revenue in Q3 2018, with continental Europe up 4 per cent.

Arcadis said work on large infrastructure projects was behind the increased UK turnover.

It added that “brand recognition in the UK outweighs headwind caused by Brexit uncertainty”.

Overall gross revenue for the global business was up 6 per cent to €808m (£713.7m) in the third quarter, compared with €766m (£676.6m) in Q3 2017.

The group’s EBITDA meanwhile increased 8 per cent year on year to €54m (£47.6m) in Q3 compared with €50m (£44.1m) in the same quarter of last year.

EBITDA margin also rose from 6.8 per cent to 7 per cent over the period.

However, the consultant was forced to take a €53m (£46.8m) provision on a natural gas project in Brazil.

Chief executive Peter Oosterveer (pictured) said: “Our focus on being selective in ensuring we only pursue the right opportunities, combined with the necessary discipline to successfully execute the projects we won, starts to bear fruit.

“We will continue to build on the growth momentum in North America, continental Europe, the UK and Australia and further sharpen our focus on selectivity, disciplined project management and cash collection in all regions.”

In April Construction News revealed that Arcadis was rated as one of Network Rail’s top-performing consultants, scoring 4.51 out of five on the client’s PRISM scoring system.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.