Half Year 2024 Arcadis NV Earnings Call Transcript
Key Points
- Arcadis NV (ARCAY) reported a record order intake of EUR1.1 billion, reflecting growth of 8.6%.
- Net revenues for the quarter reached EUR991 million, with solid organic growth of 6%.
- Operating margin improved significantly from 9.7% last year to 11.5% this quarter.
- Backlog stands at EUR3.4 billion, reflecting an organic growth of 5.6% year-on-year.
- Significant wins in water optimization and advanced industrial manufacturing, including major contracts with UK water utility companies and data center advisory services.
- Net working capital percentage increased to 12.7%, driven by a strong June performance.
- Free cash outflow of EUR88 million, although in line with seasonality, included a significant interest payment on a Eurobond.
- Middle East operations continue to unwind, incurring costs that offset some revenue gains.
- Despite strong order intake, some framework agreements will not translate into immediate bookings until next year.
- Geopolitical factors and election cycles could impact market dynamics and client investment decisions.
Ladies and gentlemen, thank you for standing by. I am Vasilius, your Chorus Call operator. Welcome and thank you for joining the Arcadis Conference Call and Live Webcast to present and discuss the Second Quarter and Half Year 2024 Results. (Operator Instructions)
At this time, I would like to turn the conference over to Ms. Christine Disch, Investor Relations Director. Ms. Disch, you may now proceed.
Thank you. Good morning and good afternoon everyone, and welcome to our conference call. My name is Christine Disch, IĆ¢m Investor Relations Director at Arcadis. And we are here to discuss Arcadis second quarter and half year 2024 results released this morning. With us on the call are Alan Brookes our CEO; and Virginie Duperat, our CFO.
We will start with the presentation, which will be followed by Q&A. We would like to call your attention to the fact that in today's session management may reiterate forward-looking statements, which were made in the press release.
Please note the risks related to the
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