Arcadis N.V.: Arcadis reports fourth quarter and full year results 2020
Arcadis reports strong operational performance and excellent free cash flow
Achieved all key strategic targets for 2020
Demonstrated resilience during challenging social-economic times
Strengthened foundation for further growth
Positioned well to capitalize on global megatrends: urbanization, climate change, digitalization and societal expectations
Fourth quarter results:
Excellent free cash flow of €124 million (Q4 2019: €85 million)
Full year results:
Organic net revenue decline of 2% to €2.5 billion (gross revenues of €3.3 billion)
Excellent free cash flow of €324 million (2019: €97 million)
Net working capital at 12.6% (2019: 16.6%); DSO at 66 days (2019: 88 days)
Reduction of net debt to €48 million, resulting in an average net debt/EBITDA ratio of 0.7x