“Good results, despite challenges in some markets.”
LONDON–(Marketwired – June 13, 2013) – Design and engineering consultancy group WS Atkins plc (Atkins) (LSE: ATK) today announces its preliminary results for the year ended 31 March 2013.
RESULTS SUMMARY
|
Note |
2013 |
2012 |
Increase / Decrease |
||||||
| Income statement | |||||||||
| Revenue |
1 |
£1,705.2m |
£1,711.1m |
-0.3% |
|||||
| Operating profit |
£104.1m |
£137.2m |
-24.1% |
||||||
| Underlying operating profit |
2 |
£109.8m |
£110.5m |
-0.6% |
|||||
| Operating margin |
6.1% |
8.0% |
-1.9pp |
||||||
| Underlying operating margin |
2 |
6.4% |
6.5% |
-0.1pp |
|||||
| Profit before taxation |
£103.3m |
£135.5m |
-23.8% |
||||||
| Underlying profit before tax |
3 |
£104.5m |
£101.6m |
+2.9% |
|||||
| Profit after taxation |
£88.4m |
£106.8m |
-17.2% |
||||||
| Diluted EPS |
88.8p |
106.6p |
-16.7% |
||||||
| Underlying diluted EPS |
4 |
86.7p |
79.0p |
+9.7% |
|||||
| Dividend |
32.0p |
30.5p |
+4.9% |
||||||
| People |
5 |
||||||||
| Staff numbers 31 March |
17,899 |
17,420 |
+2.7% |
||||||
| Average staff numbers |
17,648 |
17,489 |
+0.9% |
||||||
| Cash | |||||||||
| Operating cash flow |
£82.9m |
£68.6m |
+20.8% |
||||||
| Net funds |
£143.0m |
£122.6m |
+16.6% |
||||||
| Work in Hand |
6 |
55% |
56% |
-1.0pp |
|||||
HIGHLIGHTS
Underlying profit before tax up 2.9% to £104.5m, on flat revenue
Underlying diluted EPS up 9.7%
Strong UK performance, with revenue up 4.7% and operating profit up 9.7%
Investment in growth continues, with Energy revenue up 18.3%
North America and Middle East markets remain challenging
Improved operating cash flow, with net funds of £143.0m (2012: £122.6m)
Full year dividend increased by 4.9% to 32.0 pence (2012: 30.5p)
Positive momentum continues into 2013/14, with outlook unchanged and in line with expectations.
“We have delivered another year of good results and made notable progress towards the implementation of our strategy over the past 12 months. We have continued to optimise our portfolio with the agreed sale of our UK highways services business and sustained positive momentum in our UK, Asia Pacific and Europe and Energy businesses. We remain focused on driving operational excellence throughout the Group to improve margins, optimise our portfolio and meet the evolving needs of our clients. We are confident we will achieve further underlying growth in the year ahead.”
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http://www.rns-pdf.
Enquiries
Atkins
Uwe Krueger
Chief executive officer
+44 (0) 20-7121-2000
Heath Drewett
Group finance director
+44 (0) 20-7121-2000
Sara Lipscombe
Group communications director
+44 (0) 20-7121-2000
Kate Moy
Investor relations director
+44 (0) 20-7121-2000
Smithfield
Alex Simmons
+44 (0) 20-7360-4900