Arcadis Full Year 2023 Earnings: EPS Misses Expectations

Arcadis (AMS:ARCAD) Full Year 2023 Results

Key Financial Results

• Revenue: €5.00b (up 24% from FY 2022).
• Net income: €160.0m (up 22% from FY 2022).
• Profit margin: 3.2% (down from 3.3% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: €1.78 (up from €1.47 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Arcadis EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 14%.

The primary driver behind last 12 months revenue was the Resilience segment contributing a total revenue of €1.96b (39% of total revenue). Notably, cost of sales worth €4.19b amounted to 84% of total revenue thereby underscoring the impact on earnings.Explore how ARCAD's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 3.5% growth forecast for the Professional Services industry in the Netherlands.

Performance of the Dutch Professional Services industry.

The company's shares are up 1.8% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Arcadis that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.