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Arcadis forecasts 20% profit increase for 2012

Thursday 02 August 2012

Civil engineering group Arcadis on Thursday announced strong profit and turnover for the second quarter and an expectation of further growth in profit of 20% to 25% in 2012.

Net operational profit rose 28% to €23.6m on a year basis. Turnover rose 29% to €634m.

'The strong results were helped by recent acquisitions such as EC Harris and Langdon & Seah, as well as by growth in Arcadis,' the company said in a statement.

However, the situation in Poland was a blot on the good second quarter. Arcadis had to write off €5.3m on budget overruns.

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