LONDON--(Marketwired - Jun 13, 2013) -
(LSE: ATK) Results for the year ended 31 March 2013"Good results, despite challenges in some markets." Design and engineering consultancy group WS Atkins plc (Atkins) today announces its preliminary results for the year ended 31 March 2013. RESULTS SUMMARY Increase / Note 2013 2012 Decrease Income statement Revenue 1 GBP1,705.2m GBP1,711.1m -0.3% Operating profit GBP104.1m GBP137.2m -24.1% Underlying operating profit 2 GBP109.8m GBP110.5m -0.6% Operating margin 6.1% 8.0% -1.9pp Underlying operating margin 2 6.4% 6.5% -0.1pp Profit before taxation GBP103.3m GBP135.5m -23.8% Underlying profit before tax 3 GBP104.5m GBP101.6m +2.9% Profit after taxation GBP88.4m GBP106.8m -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 GBP82.9m GBP68.6m +20.8% Net funds GBP143.0m GBP122.6m +16.6% Work in Hand 6 55% 56% -1.0pp HIGHLIGHTS * Underlying profit before tax up 2.9% to GBP104.5m, 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 GBP143.0m (2012:GBP122.6m) * 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." Allan Cook CBE Prof Dr Uwe Krueger Chairman Chief executive officer 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 Click on, or paste the following link into your web browser, to view the associated PDF document. http://www.rns-pdf.londonstockexchange.com/rns/9341G_1-2013-6-12.pdf This information is provided by RNS The company news service from the London Stock Exchange END