Latest results
In line with expectations and on track for the full year.
Design and engineering consultancy group WS Atkins plc (Atkins) today announces its unaudited results for the six months ended 30 September 2012.
FINANCIAL SUMMARY
Key Performance Indicators
| |
|
Six months to
30 Sept 2012 |
Six months to
30 Sept 2011 |
Increase /
(Decrease) |
| |
|
|
|
|
| Income statement – on an underlying basis |
a |
|
|
|
| Underlying operating profit |
|
£45.9m |
£51.5m |
(10.9)% |
| Underlying operating margin |
|
5.6% |
6.1% |
(0.5)pp |
| Underlying profit before taxation |
|
£43.9m |
£46.4m |
(5.4)% |
| Underlying diluted earnings per share |
|
34.9p |
36.2p |
(3.6)% |
| |
|
|
|
|
| Income statement – as reported |
|
|
|
|
| Revenue |
|
£815.7m |
£842.9m |
(3.2)% |
| Operating profit |
|
£44.8m |
£49.3m |
(9.1)% |
| Operating margin |
|
5.5% |
5.8% |
(0.3)pp |
| Profit before taxation |
|
£50.4m |
£44.2m |
14.0% |
| Profit after taxation |
|
£41.5m |
£34.9m |
18.9% |
| |
|
|
|
|
| Diluted earnings per share |
|
41.8p |
34.8p |
20.1% |
| Dividend |
b |
10.00p |
9.75p |
2.6% |
| Average staff numbers |
c |
17,482 |
17,529 |
(0.3)% |
| Closing staff numbers |
c |
17,756 |
17,710 |
0.3% |
| |
|
|
|
|
| Work in hand |
|
89.5% |
88.2% |
1.3pp |
| Net funds |
d |
£83.7m |
£95.6m |
(12.4)% |
Notes:
a. Excludes amortisation of acquired intangibles in both 2012 and 2011, and profit on sale of RMPA in 2012
b. Interim dividend declared for the six months to 30 September 2012
c. Staff numbers are shown for continuing operations and on a full-time equivalent basis, including agency staff
d. Net funds comprise cash and cash equivalents plus financial assets and loan notes receivable less borrowings