Arcadis forecasts slower sales

Bloomberg

Reaching last year’s 6 percent increase of revenue, excluding takeovers, "would be a bit unrealistic," Noy said in a telephone interview yesterday. Arcadis’ net sales growth projection of 15 percent will depend on acquisitions, he said.

Demand for design of commercial real estate dropped following the credit crisis, hitting the company’s property operations in the U.S. and the U.K. Infrastructure spending programs from U.S. and European governments will help the company’s order book from the third quarter, Noy said. Noy declined to give a profit outlook for this year, citing "too many uncertainties."