SOURCE: Atkins (WS) PLC

June 14, 2012 02:00 ET

Atkins (WS) PLC - Final Results

LONDON--(Marketwire - Jun 14, 2012) -

(LSE: ATK) -- Results for the year ended 31 March 2012 "Good results, with
a return to headcount growth in an economic environment that continues to
be challenging."

Design and engineering consultancy group WS Atkins plc (Atkins) today
announces its preliminary results for the year ended 31 March 2012.

RESULTS SUMMARY

                                                           Increase/
                               Note        2012      2011  Decrease

Income statement

     Revenue                   1    GBP1,711.1m GBP1,564.3m   +9.4%

     Operating profit                 GBP137.2m   GBP107.0m  +28.2%
     Underlying operating      2      GBP110.5m   GBP118.7m   -6.9%
     profit

     Operating margin                      8.0%        6.8%  +1.2pp
     Underlying operating      2           6.5%        7.6%  -1.1pp
     margin

     Profit before taxation           GBP135.5m    GBP91.0m   +48.9%
     Underlying profit before  3      GBP101.6m   GBP102.7m    -1.1%
     tax

     Profit after taxation            GBP106.8m    GBP72.6m   +47.1%
     Diluted EPS                         106.6p       72.7p   +46.6%
     Normalised diluted EPS    4          79.0p       75.0p    +5.3%

Dividend                                  30.5p       29.0p    +5.2%

People                         5

     Staff numbers 31 March -  6         17,420      16,978    +2.6%
     continuing
     Average staff numbers               17,489      16,582    +5.5%

Cash
 Net funds                            GBP122.6m   GBP123.3m    -0.5%

Work in Hand                   7            60%         55%   5.0pp

HIGHLIGHTS

* Revenue up 9%, normalised EPS up 5%

* Diversification now delivering more than 50% of Group revenue
  from outside the UK

* North American consultancy business margin further improved to
  6.6% (2011: 5.7%)

* Strengthened balance sheet, with net funds of GBP122.6m and a
  reduced pension deficit

* Improved work in hand of 60% (2011: 55%)

* Full year dividend increased by 5.2% to 30.5 pence

* Outlook for 2012/13 remains unchanged and in line with
expectations. "We have made good progress in the last twelve months
despite the challenging economic environment. During the second half
we continued to diversify the business, improved cash flow, reduced
our pension liabilities and are returning to growth. We remain focused
on driving operational excellence throughout the business to improve
margins, optimise our portfolio and meet the evolving needs of our clients.
Our strategy is clear and the Group is well positioned to deliver further
growth in the year ahead."

Allan Cook CBE                      Dr Uwe Krueger
Chairman                            Chief executive officer

Click on, or paste the following link into your web browser, to view
the associated PDF document.

 http://www.rns-pdf.londonstockexchange.com/rns/3370F_1-2012-6-13.pdf 


Enquiries

Atkins
Uwe Krueger, Chief executive officer          +44 (0) 20 7121 2000
Sara Lipscombe, Group communications director +44 (0) 1372 726140
Kate Moy, Investor relations director         +44 (0) 20 7121 2000

Smithfield
Alex Simmons                                  +44 (0) 20 7360 4900





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