Arcadis issues profits warning

Consultant Arcadis has warned of profits for 2015 significantly down on expectations due to disappointing revenues and additional costs incurred in restructuring its North American operations. The company has also blamed a delay in divesting non core energy assets that has so far failed to deliver on expectations.

The company's net income growth for the year is now predicted at 10% instead of the previous expectation of 20%. Revenue is still expected at +30%, however, with strong cash flow reported ahead of publication Arcadis' full yearly results on 18 February