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2016-01-25

Arcadis N.V.: Arcadis adjusts profit outlook for 2015 while reporting strong cash flow

* Outlook for full year net income from operations adjusted from a previously
expected approximate 20% increase to approximately 10% compared to 2014 due
to: * Lower revenues and €5 million additional restructuring costs in
North-America and Emerging Markets in the fourth quarter * Delay in
divesting Brazilian non-core energy assets that was expected to generate a
gain of approximately €6 million
* Annual net revenue growth in 2015 in line with expectation at approximately
+30%
* Free cash flow in 2015 was strong, contributing to net working capital as
percentage of gross revenues below year-end 2014
* Purchase price allocation of 2014 acquisitions as per IFRS 3 completed,
resulting in restated 2014 balance sheet positions, and subsequent 2015
quarterly financials. Year-end 2014 ratio of net working capital as
percentage of gross revenues adjusted to 17.4% (from 18.8%). Working
capital at year-end 2015 was 17.1%.
* Full year audited results 2015 will be published as scheduled on February
18, 2016

January 25, 2016 - Arcadis (EURONEXT: ARCAD), the leading global
Design&Consultancy firm for natural and built assets, today announced that it
expects net income from operations for full year 2015 to be approximately
10% higher than in 2014. In the fourth quarter of 2015, market conditions in
North America and in Emerging Markets further deteriorated, resulting in
lower revenues and order intake, which required additional restructuring
measures amounting to €5 million.
Furthermore in order to secure an optimal financial outcome, the signing of
the planned divestment of non-core energy assets in Brazil could not yet be
realized and continues to be actively pursued.
Free cash flow in the fourth quarter was strong and resulted in a lower net
working capital ratio compared to year-end 2014.

Update to purchase price allocations of Hyder and Callison

In October 2014, Arcadis acquired Hyder and Callison. These acquisitions were
made as part of the Company's strategy to strengthen its position as the
leading global Design&Consultancy firm for natural and built assets. Both
acquisitions have been accounted for using the mandatory IFRS 3 method. At
the end of 2014, the purchase price allocation was included on a provisional
basis, in line with common market and accounting practice. In 2015, the
balance sheet positions were thoroughly reviewed, during which it became
clear that the Arcadis approach for revenue recognition and valuing debtors
was more prudent than within Hyder and Callison.

A full review of projects, debtors and possible legal claims, led to an update
of the provisional purchase price allocations, referred to under IFRS 3 as
measurement-period adjustments. These adjustments resulted in restated
consolidated balance sheet positions as at 31 December 2014, the impact of
which is summarized in the table below:

-------------------------------------------------------------------------------------
| Reported Restated |
| 12/31/2014 adjustments 12/31/2014 |
| Assets |
| Goodwill 901.6 80.7 982.3 |
| Intangible assets 212.1 16.3 228.4 |
| Deferred tax assets 50.4 1.2 51.6 |
| (un) billed receivables 1,026.0 -48.6 977.4 |
| 49.6 |
| |
| Total assets 2,608.0 49.6 2,657.6 |
| |
| Equity&liabilities |
| Equity 895.8 0.1 895.9 |
| Provisions for other liabilities and charges 22.4 49.9 72.3 |
| Deferred tax liabilities 97.3 -0.4 96.9 |
| 49.6 |
| |
| Total equity and liabilities 2,608.0 49.6 2,657.6 |
-------------------------------------------------------------------------------------

These adjustments also impacted the ratio of net working capital as percentage
of gross revenues. Based on the updated purchase price allocations net
working capital as percentage of gross revenues at year-end 2014 is 17.4%,
instead of 18.8% reported last year.

A table with the restated figures for December 2014 as well as the first three
quarters of 2015, is added to this press release.

A full disclosure of the final purchase price allocations will be provided in
the notes to the consolidated financial statements in the Arcadis Annual
Report 2015.

Publication full year results 2015

All figures in this press release are preliminary and unaudited. Arcadis will
provide more details on the 2015 performance in the publication of the full
year audited results 2015, as scheduled on February 18, 2016.
# # #

For more information, please contact Joost Slooten of Arcadis at +31-202011083
or outside office hours at +31-627061880 or e-mail joost.slooten@arcadis.com.

About Arcadis

Arcadis is the leadingglobal Design&Consultancy firm for natural and built
assets

. Applying our deep market sector insights and collective design, consultancy,
engineering, project and management services we work in partnership with our
clients to deliverexceptional and sustainable outcomes

throughout the lifecycle of their natural and built assets. We are 28,000
people active in over 70 countries that generate more than €3 billion in
revenues. We support UN-Habitat with knowledge and expertise to improve the
quality of life in rapidly growing cities around the world. www.arcadis.com.

Statements included in this press release that are not historical facts
(including any statements concerning investment objectives, other plans and
objectives of management for future operations or economic performance, or
assumptions or forecasts related thereto) are forward looking statements.
These statements are only predictions and are not guarantees. Actual events
or the results of our operations could differ materially from those expressed
or implied in the forward looking statements. Forward looking statements are
typically identified by the use of terms such as "may," "will," "should,"
"expect," "could," "intend," "plan," "anticipate," "estimate," "believe,"
"continue," "predict," "potential" or the negative of such terms and other
comparable terminology. The forward looking statements are based upon our
current expectations, plans, estimates, assumptions and beliefs that involve
numerous risks and uncertainties. Assumptions relating to the foregoing
involve judgments with respect to, among other things, future economic,
competitive and market conditions and future business decisions, all of which
are difficult or impossible to predict accurately and many of which are
beyond our control. Although we believe that the expectations reflected in
such forward looking statements are based on reasonable assumptions, our
actual results and performance could differ materially from those set forth
in the forward looking statements.

Arcadis N.V. restated numbers
http://hugin.info/132839/R/1980916/725715.pdf
Arcadis adjusts profit outlook for 2015 while reporting
http://hugin.info/132839/R/1980916/725714.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Arcadis N.V. via Globenewswire

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