Arcadis Q3 tops sales, EBITA forecasts; reiterates full year growth target |
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Thu, 15 Nov 2007 07:48
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AMSTERDAM (Thomson Financial) - Engineering and consultancy company Arcadis NV posted forecast-beating third quarter sales and EBITA figures and reiterated its full-year outlook of 20-25 pct growth in net income.Arcadis reported third-quarter sales of 408 mln eur, up from 311 mln in the same period a year earlier, ahead of the 371-394.8 mln eur range seen by analysts.The company's EBITA came in at 28 mln eur, up from 19.6 mln a year earlier, beating analysts' estimates of 24.8-26.6 mln.Net profit came in at 12.3 mln eur from 10.7 mln in the same period a year ago, in-line with analysts' estimated 12-14.3 mln, while earnings per share came in at 0.60 eur from 0.53 in the same period a year ago.Mike Croall; mike.croall@thomson.commc/hjp/mc/lamCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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