By Joe Stonor

Shares in Arcadis fell after the Dutch design and engineering group announced a sharp drop in earnings and said it had cut more than 1,000 jobs.

Amsterdam-listed Arcadis dropped 10.5%, or 3.68 euros, after falling as much as 20% earlier in the session. The stock currently is the steepest faller in the Stoxx 600 basket of major European companies on Thursday, and trades near its lowest level since March 2021.

Earnings before interest, taxes and amortization fell to 56 million euros ($66 million) in the fourth quarter of 2025, a 50% fall from 2024. For the entire year, earnings fell by 18% to 341 million euros.

Profit for the year was down 14% to 208 million euros, while the company's organic growth turned from 4.5% in 2024 to a 0.5% contraction in 2025.

Arcadis, which has worked on projects including the California High-Speed Rail and the reconstruction of New York after Hurricane Sandy, said it cut 1,100 jobs in 2025. That represents about 3% of the 36,000 people the company employs, according to its website. Of those losses, 600 came in the fourth quarter. A further 150 people will leave the company in the first quarter of 2026, the company said.

"2025 was a challenging year for Arcadis, with mixed results," outgoing Arcadis Chief Executive Alan Brookes acknowledged.

Heather Polinsky, who will replace Brookes in March 2026, said she will instill "a high-performance culture by clarifying accountability and aligning incentivization directly to results."

The amount of new orders Arcadis received fell by 12% in 2025, with the fall concentrated in the group's built environment division. That fall was partly as a result of pressure on residential real estate markets in Canada, China and the U.K., analysts at Jefferies said.

Write to Joe Stonor at josephmichael.stonor@wsj.com

(END) Dow Jones Newswires

February 19, 2026 09:14 ET (14:14 GMT)

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