Arcadis Nv S/Adr (ARCAY) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, thank you for standing by. I am Gayle, your chorus call operator. Welcome and thank you for joining the Arcadis conference call and live webcast to present and discuss the first quarter 2025 trading update. At this time, I would like to turn the conference over to Ms. Christine Dish, Investor Relations Director. Ms. Dish, you may now proceed. Thank you and good day everyone. Welcome to our first quarter trading update. My name is Christine Dish and I'm the Investor Relations Director at Arcadis. With me on the call are Alan Brooks, our CEO, Virginie Dubras, our CFO, Willem Baars, Global Strategy, Financing and M&A Officer, and our incoming interim CFO starting the 1st of June. We will start with a presentation which will be followed by Q&A. And we would like to call your attention to the fact that in today's session, management may reiterate forward-looking statements which were made in the press release. Please note the risks related to these statements, which are more fully described in the press release and on our website. And now, please, over to you, Alan. Thank you, Christine, and good morning, good afternoon, everyone, and welcome to our trading update of the first quarter for 2025. Arcadis has delivered a robust quarter with continued backlog growth and margin expansion. This performance highlights the strength and resilience of our business model, even in the current environment of changing market dynamics and uncertainty across the world. Net revenues in the quarter were stable organically year on year, as we continue to be selective in the projects we pursue. At the same time, we increased our backlog to a record high of 3.7 billion euros, growing organically by 3% in the quarter. we have seen no significant cancellations, which I bel...