Numbers struggle at Arcadis in first quarter

Arcadis office

Consultant rejigged its leadership team last month to plot recovery

Arcadis saw revenue slip in the first three months of the year underlining the task facing its new executive team charged with plotting a recovery.

Turnover at the firm in the 12 months to December 2017 slipped 3% to €3.2bn (£2.8bn), down from €3.3bn (£2.9bn) with revenue from its Latin America operation nosediving 26% because of problems at its Brazil arm.

The first quarter of this year saw group income slip 6% to €767m with earnings before interest, taxes, depreciation, and amortization falling 10% to €47m. It said it had organic growth of 3% but said it was hit by currency impacts.

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