Arcadis - Q4 and Full Year 2023 Results
Total revenue reached £5.0 billion, a 24% increase from the previous year. No single customer accounted for more than 10% of total annual revenues.
Revenue Sources:
Operating Segments:
Places: Experienced a 47.84% growth from the previous year.
Mobility: Saw a 9.42% increase from the prior year.
Resilience increased by 9.18% in the last year.
Intelligence: Surged by 367% for the previous year.
Service contracts accounted for approximately 88% of total revenue
North America generated more than half of the revenue, and Europe & Middle East followed closely.
The strategic integration of Arcadis, RBI, and Arcadis DPS has significantly enhanced the pipeline and backlog, fostering revenue and cost synergies across the group. This integration has enabled Arcadis to enter new markets, such as semiconductors and life science manufacturing, leading to backlog growth and diversified project capabilities.
Backlog Developments:
Resilience: Saw a 7% increase from the previous year.
Places: Experienced a 4% decrease from the previous year.
Mobility: Reported a 7% increase from the previous year.
Intelligence: Noted a 9% increase from the previous year.
Growth Markets and Pipeline:
Key growth markets have shown remarkable results, particularly in climate adaptation and water optimization. Efforts in climate adaptation, aimed at enhancing community resilience to climate change, have been significantly successful in Europe and North America. Notably, water optimization projects in North America highlight the company's expertise in environmental remediation and water management.
New Strategy and Future Outlook:
The 2024 to 2026 strategy emphasizes accelerating a planet-positive future through sustainable project selections, embracing digitalization and human innovation, and investing in future-oriented skills within an inclusive work environment.
