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Arcadis posts £2.2bn revenues

Consultant Arcadis has this week announced a 26% increase in revenues to €2.5bn (£2.2bn) in 2012 following its merger with cost consultant EC Harris.

Net income rose 29% to £90M in 2012 and its profit margin grew marginally to from 9.7% last year to 10% this year.

The firm’s net revenues grew by 30% to £1.6bn with organic growth accounting for 4% of the increase.

Along with the £2bn acquisition of EC Harris in 2011 the firm also bought Asian based programme management firm Langdon & Seah.

“Our results reflect the success of the design and implementation of our strategy,” said Arcadis chief executive officer Neil McArthur.

“Our timely switch to emerging markets and rebalancing towards private sector and multinational clients while focusing on performance improvement and organic growth are beginning to pay off.”

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