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2021-10-28

Arcadis Trading Update Q3 2021

Continued strong organic revenue growth and further strengthened balance sheet

  • Sustained strong client demand driven by climate change, energy transition and urbanization
  • Organic net revenue growth of 4.1% to €636 million
  • Operating EBITA margin of 10.1%
  • Net working capital of 14.0% and DSO of 74 days
  • Free cash flow of €75 million
  • Organic backlog growth year-over-year of 3.1%
  • Successfully re-financed credit facilities into one sustainability-linked, syndicated Revolving Credit Facility of €500 million
  • Arcadis improves Sustainalytics 2021 score and again ranks number one in the ‘Construction & Engineering’ category, featuring 292 companies

Amsterdam, 28 October 2021 – Arcadis (EURONEXT: ARCAD), the leading global Design & Consultancy organization for natural and built assets, reports an organic net revenue growth of 4.1% and solid operating EBITA margin of 10.1% for the third quarter. The company was successful in strengthening its balance sheet, with a lower net debt of €47 million.

Peter Oosterveer, CEO Arcadis, comments: “We continue to see strong demand from clients to help mitigate the impact of climate change. We have supported them design and develop energy transition projects and create sustainable assets and livable communities, all of which enabled us to deliver robust overall performance. To accelerate our strategy and even better leverage the global scale of our expertise and asset knowledge, as well as to drive greater efficiency, we are gradually organizing ourselves in three global business areas, Resilience, Places and Mobility”.

“In September, we announced our commitment to accelerate the transition to a net zero world, by rapidly reducing our operational carbon footprint and reach net zero emissions by no later than 2035. An important tenet of our strategy is to put sustainability at the heart of all the solutions we provide, which is why we announced the launch of our global Sustainability Advisory Services, allowing us to consolidate our global capabilities and bring the very best of Arcadis to all our clients. We are steadfast to mitigate the impacts of climate change by offering smarter, cleaner, and greener solutions to our clients and the improved score from Sustainalytics, ranking Arcadis as number one in our sector, confirms that we are on the right path”.

“The increased investments from both public and private sector clients in growth areas such as smart mobility solutions, green places, energy transition and climate change resilience projects create a positive business outlook for the future and will enable Arcadis to secure new projects and maintain a healthy pipeline of opportunities. This, combined with our organic net revenue growth, continued robust performance and strong backlog gives me confidence in our ability to deliver the strategic targets we have set for 2023.”
    

REVIEW OF PERFORMANCE

KEY FIGURES

in € millions
Period ended 30 September
THIRD QUARTER YEAR-TO-DATE 
20212020change20212020change
Gross revenues8297816%2,4892,4840%
Net revenues6366045%1,9121,8901%
Organic growth4.1%-3.2% 3.4%-0.9% 
EBITDA8692-7%2582465%
EBITDA margin13.5%15.2% 13.5%13.0% 
Adjusted EBITDA1)7074-5%2041879%
EBITA6163-4%17615513%
EBITA margin9.6%10.5% 9.2%8.2% 
Operating EBITA2)6466-3%18116311%
Operating EBITA margin10.1%10.9% 9.5%8.6% 
Free cash flow1)751...
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