Arcadis NV announces first quarter 2002 results

Net income in the 2002 first quarter increased 9%. Operating income also developed favorably, rising by 15%. Gross revenue increased by almost 7%, predominantly as a result of autonomous growth, and in line with the Company’s strategy to speed up autonomous growth.

The Company’s infrastructure and environmental activities – together making up more than 75% of total revenues – were the primary contributors to the growth, continuing the growth pattern seen in these segments in earlier periods.

In the buildings and communications segments, revenues were lower than the first quarter of last year, due to economic circumstances and the poor market situation in the telecommunications sector. Gross revenues in these activities stabilized compared to the situation in the fourth quarter of 2001.

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(source: Arcadis)

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