The decrease is the result of a lagging market in the United Kingdom and Australia in particular, Acadis reports Thursday. The margin remained stable with 11.5% compared to last year as a result of tight cost management.
Order book
The order book is still robust with 3.6 billion euros, but the number of new assignments received was 9 percent lower at the end of the second quarter. “Given the uncertainty in a number of markets, we are facing the future with confidence,” says CEO Alan Brookes from the engineering firm from Amsterdam that the Marker Wadden, among others, was installed and involved in various coastal and dyke reinforcements. Arcadis also works for Tennet, which must expand the Dutch energy network in connection with the energy transition.
‘Occasionally a dike will break through, but that does not have to be disastrous’
New assignments in that area in the Netherlands have partly compensated in the UK. Arcadis recently made a number of acquisitions in Germany, so that the group also expects further growth there, the company reports in a statement. Because the European Union wants to invest hundreds of billions in, among other things, Defense, Arcadis expects to have a lot of work in the coming years.
Arcadis does see a postponement of large investments in, among other things, factories and other real estate, which is partly collected by the growth of work for data centers. The engineering firm expects that thanks to investments in the UK and EU, more will have to be invested in homes, infrastructure and health care.