GlobeNewswire

Arcadis response to COVID-19

Share
  • Arcadis has taken measures to protect the health and safety of employees and their families, clients and society and to ensure business resiliency
  • Arcadis stops the current share buy-back program and withdraws the proposal for dividend payment to enhance its cash position as a precautionary measure
  • Arcadis closely monitors directions by the Dutch government regarding COVID-19 impacting the AGM

Amsterdam, 26 March 2020 - Arcadis (EURONEXT: ARCAD), the leading global Design & Consultancy organization for natural and built assets is responding to the consequences of the global COVID-19 pandemic.

First priority in dealing with the current COVID-19 outbreak is to protect the health & safety of employees and their families, clients and society. Significant measures were taken to secure a thorough health approach, in line with WHO recommendations and the guidance from government experts in the various countries in which Arcadis operates. Employees are equipped to maximize work from home, using digital collaboration platforms and virtual channels.

Considering the unprecedented and rapidly changing operating environment, Arcadis has also taken measures to ensure business resiliency, guided by a global task force established in early March, as well as regional and local teams of subject matter experts. As a result, Arcadis is well prepared and organized to continue delivering on its commitments to clients.

Operational performance
The impact of the COVID-19 outbreak was initially limited to the Arcadis business in China and Hong Kong. Since the virus has now spread around the world, it will adversely impact our markets and it requires the additional measures we are taking. In identifying and implementing the actions, Arcadis made a distinction between immediate priorities, preparing for the crisis impact, and recovery thereafter. The results of our actions will be impacted by the time societies and governments need to contain this crisis, and on support businesses will receive from governments.

Our primary focus is on continuing to serve our clients, win projects where possible and apply commercial effectiveness to keep our pipeline of orders filled.

To further ensure business resiliency, a large number of measures have been taken to reduce cost, such as freezing virtually all travel, reducing of external advisory services and suspending all uncommitted capital expenditure. In addition, a full hiring stop has been implemented for any new employees. Applying for relevant government support in countries which provides for this opportunity is being reviewed.

Solid financial position and good liquidity
The focus of Arcadis in the last two years has been on reducing debt and strengthening the balance sheet. The strategy has resulted in a solid financial position and good liquidity. In order to contain its cost and protect its cash position, Arcadis has decided as a precautionary measure to stop the current share buy-back program and to withdraw the dividend proposal from the agenda for the Annual General Meeting as scheduled for May 6th, 2020. Arcadis does understand the importance of dividends for its shareholders but considers this decision to be in the best interest of Arcadis, its people, its clients and its shareholders. The adjusted agenda for the Annual General Meeting can be found on the Arcadis website www.arcadis.com.

Where it comes to the Annual General Meeting (AGM), Arcadis is aware of, and closely monitors regulations by the Dutch government regarding COVID-19 and in particular in person meetings. Arcadis may take further COVID-19 related decisions with regard to the AGM. Arcadis suggests to regularly check its website for any further updates.

Peter Oosterveer, CEO said: “For all our employees and our customers everyday life and work has been severely disrupted. The prosperity and safety of our societies is being challenged and everyone realizes that it will take a considerable amount of time and effort to allow us to resume ‘life and business as usual’. We will all have to contribute to this task. In the meantime, those who care for our health and our safety deserve our unconditional support and respect. We are all completely focused on the measures necessary to deal with the current circumstances. We are a strong company, provide valuable expertise and have an extremely dedicated team, and in joining forces with our clients we will navigate through this period.

For further information please contact:
Arcadis Investor Relations
Jurgen Pullens
Mobile: +31 6 51599483
E-mail: jurgen.pullens@arcadis.com

Arcadis Group Communications
Joost Slooten
Mobile: +31 6 27061880
E-mail: joost.slooten@arcadis.com

About Arcadis
Arcadis is a leading global Design & Consultancy organization for natural and built assets. Applying our deep market sector insights and collective design, consultancy, engineering, project and management services we work in partnership with our clients to deliver exceptional and sustainable outcomes throughout the lifecycle of their natural and built assets. We are 28,000 people, active in over 70 countries that generate €3.5 billion in revenues. We support UN-Habitat with knowledge and expertise to improve the quality of life in rapidly growing cities around the world. www.arcadis.com

REGULATED INFORMATION
This press release contains information that qualifies or may qualify as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

FORWARD LOOKING STATEMENTS
Statements included in this press release that are not historical facts (including any statements concerning investment objectives, other plans and objectives of management for future operations or economic performance, or assumptions or forecasts related thereto) are forward-looking statements. These statements are only predictions and are not guarantees. Actual events or the results of our operations could differ materially from those expressed or implied in the forward-looking statements.  Forward-looking statements are typically identified by the use of terms such as “may,” “will”, “should”, “expect”, “could”, “intend”, “plan”, “anticipate”, “estimate”, “believe”, “continue”, “predict”, “potential” or the negative of such terms and other comparable terminology. The forward-looking statements are based upon our current expectations, plans, estimates, assumptions and beliefs that involve numerous risks and uncertainties.  Assumptions relating to the foregoing involve judgments with respect to, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond our control.  Although we believe that the expectations reflected in such forward-looking statements are based on reasonable assumptions, our actual results and performance could differ materially from those set forth in the forward-looking statements.

Attachment

About GlobeNewswire

GlobeNewswire
GlobeNewswire
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://globenewswire.com

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire

Subscribe to all the latest releases from GlobeNewswire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire

Aben Closes Private Placement10.7.2020 14:00:10 CESTPress release

VANCOUVER, British Columbia, July 10, 2020 (GLOBE NEWSWIRE) -- Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) (“Aben” or “the Company”) is pleased to announce that it has completed a non-brokered private placement financing for total gross proceeds of $1,046,300.04 (the “Private Placement”). The Company has issued 5,385,000 units (the "Units") at a price of CAD $0.10 per Unit and 4,231,667 flow-through units (the "FT Units") at a price of CAD $0.12 per FT Unit. Each Unit is comprised of one common share and one warrant (a “Warrant”). Each FT Unit is comprised of one flow-through common share and one-half of one Warrant. Each Warrant will entitle the holder to purchase one common share for a period of two (2) years at a price of CAD $0.15 per share. In addition, the Company has paid finder's fees totaling $56,056 and issued an aggregate 520,800 finder's warrants to arm's-length parties, with each finder’s warrant bearing the same terms as the Warrants. The Company int

Amended Articles of Association of AB Klaipedos nafta registered after the increase of the authorised capital10.7.2020 13:52:02 CESTPress release

On 9 July 2020 amended Articles of Association AB Klaipedos nafta (hereinafter – the Company) had been registered in the Register of Legal Entities of the Republic of Lithuania after the increase of authorised capital of the Company. Following the increase of the authorised capital of the Company, such capital is equal to EUR 110 505 193,97 and is divided into 381 052 393 units of shares, which grant 381 052 393 votes. Nominal value per share – EUR 0.29. Enclosed: Articles of Association of the Company, registered on 9 July 2020. Jonas Lenkšas, Chief Financial Officer, +370 694 80594 Attachment Articles of Association of the Company, registered on 9 July 2020

Kitron: Allokering av opsjoner10.7.2020 13:15:00 CESTPressemelding

Styret i Kitron ASA vedtok 10. juli 2020 å utstede 1 400 000 opsjoner til ledelsen, 150 000 opsjoner er re-allokert fra Subprogram A (2019-2022) og 1 250 000 er fra Subprogram B (2020-2023) opsjonene blir utstedt i henhold til Kitrons langsiktige insentivprogram for 2019-2022 og styrets erklæring om fastsettelse av lønn og annen godtgjørelse til ledende ansatte, som vedtatt av ordinær generalforsamling avholdt 23. april 2020. Aksjeopsjonsprogrammet og egenskapene til opsjonene er beskrevet i note 19 og 28 til Kitrons årsregnskap for 2019. Opsjonene er allokert til ledelsen som følger: CEO Peter Nilsson mottok 560,000 opsjoner. Etter tildelingen har Peter Nilsson 760 000 opsjoner og eier 2 079 182 aksjer i Kitron.CFO Cathrin Nylander mottok 120 000 opsjoner. Etter tildelingen har Cathrin Nylander 270 000 opsjoner og eier 868 752 aksjer i Kitron.COO Israel Losada Salvador mottok 120 000 opsjoner. Etter tildelingen har Israel Losada Salvador 270 000 opsjoner og eier 743,831 aksjer i Kitro

Kitron: Allocation of options10.7.2020 13:15:00 CESTPress release

On 10 July 2020, the board of directors of Kitron ASA resolved to issue 1,400,000 options to senior management, whereof 150 000 options are re-allocated from Subprogram A (2019-2022) and 1,250,000 options are from Subprogram B (2020-2023). The options are issued in accordance with Kitron's long term incentive program 2019-2022 and the board of directors' declaration on salaries and other remuneration to the senior executive management, as approved by Kitron annual general meeting held 23 April 2020. The share option program and properties of the options are described in note 19 and 28 in Kitron's annual financial statements for 2019. The options are allocated to the management as follows: CEO and President Peter Nilsson received 560,000 options. After the allocation Peter Nilsson holds 760,000 options and 2,079,182 shares in Kitron.CFO Cathrin Nylander received 120,000 options. After the allocation Cathrin Nylander holds 270,000 options and 868,752 shares in Kitron.COO Israel Losada Sa

Kitron: Q2 2020 - Rekordresultater10.7.2020 12:46:05 CESTPressemelding

(2020-07-10) Kitron kan i dag melde om sterk vekst og rekordoverskudd for andre kvartal, drevet av sektorene Forsvar/Luftfart, Medisinsk utstyr og Industri. Kitrons driftsinntekter i andre kvartal var 1 041 millioner kroner, en økning på 21 prosent sammenlignet med fjoråret. Veksten justert for valutaeffekter var 11 prosent. Lønnsomheten uttrykt som EBIT-margin var 8,5 prosent i andre kvartal, mot 6,6 prosent i samme kvartal i fjor. Ordrereserven endte på 2 102 millioner kroner, en økning på 45 prosent sammenlignet med i fjor. Peter Nilsson, Kitrons konsernsjef, kommenterer: – Dette var et rekordkvartal for Kitron når det gjelder driftsinntekter, lønnsomhet og ordrereserve. Driftsinntektene er drevet av robust underliggende etterspørsel innen sektorene Forsvar/Luftfart, Medisinsk utstyr og Industri. Sterk utvikling ved alle alle Kitron-anleggene bidro til marginen på 8,5 prosent. Utsiktene våre for tredje og fjerde kvartal gjør oss trygge på å nå våre oppgraderte mål for hele året 2020

Kitron: Q2 2020 – Record performance10.7.2020 12:46:05 CESTPress release

(2020-07-10) Kitron today reported strong growth and record profit for the second quarter driven by Defense/Aerospace, Medical devices and Industry sectors. Kitron's revenue for the second quarter was NOK 1 041 million, an increase of 21 per cent compared to last year. Growth adjusted for currency effects was 11 per cent. Profitability expressed as EBIT margin was 8.5 per cent in the second quarter, compared to 6.6 per cent in the same quarter last year. The order backlog ended at NOK 2 102 million, an increase of 45 per cent compared to last year. Peter Nilsson, Kitron's CEO, comments: "This was a record quarter for Kitron in terms of revenue, profitability and order backlog. Revenue is driven by a robust underlying demand within Defense/Aerospace, Medical and Industry Sectors. Strong performance in all Kitron sites contributed to the profitability of 8.5 per cent. Our third and fourth quarter outlook leaves us confident in reaching our upgraded full year 2020 targets. Our third quart