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ARCADIS N.V.

ARCADIS N.V.

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Publicatie datum 25 jan 2016 - 07:06
Statutaire naam ARCADIS N.V.
Titel Arcadis adjusts profit outlook for 2015 while reporting strong cash flow
Bericht 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