Dutch engineering group Arcadis on Wednesday forecast solid revenue and income growth for 2015 after reporting second-quarter profits below expectations partly due to a slowdown in Brazil's oil industry and North American cost overruns.
Dutch construction and engineering firm Arcadis on Wednesday fell short of analyst forecasts in the second quarter, with the slowdown in Brazil's oil industry and cost overruns in North America weighing on results.
A sharp drop in revenues from Brazil and continuing falls in its North American markets kept gross revenue growth before acquisitions to just 1 percent at Dutch engineer Arcadis in the first quarter, sending its shares down 3 percent.
Dutch engineering company Arcadis missed consensus earnings forecast in the first quarter, hurt by the turbulence in the Brazilian oil and gas industries and as its North American infrastructure business continued to weigh on results.
Dutch engineering and construction company Arcadis said a weaker euro could significantly boost its profit this year and that it expected revenue growth in all business areas, particularly its largest infrastructure and buildings divisions.
British engineering firm Hyder Consulting has accepted a 268 million pound ($451 million) takeover offer from Japan's Nippon Koei, just days after recommending a bid from Dutch firm Arcadis.
Hyder and Nippon Koei said in a joint statement that...
ARCADIS (EURONEXT: ARCAD), the world’s leading natural and built asset
design and consultancy firm, in a joint venture with Applied Research
Associates (ARA), continues to help the U.S. Air Force Mobility Command
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