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Fri June 18 2021

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Atkins profits up 23%

16 Jun 16 Consulting engineer WS Atkins has reported a 23% rise in pre-tax profits on the back of significant improvement in the UK and mainland Europe.

Atkins CEO Uwe Krueger
Atkins CEO Uwe Krueger

For the year ending 31st March 2016, Atkins made £131.1m profit before tax (2015: £106.7m) on revenue up 6% to £1,861.9m (2015: £1,756.6m).

The target of making an 8% operating margin was achieved.

Significant contract wins during the year in the UK included East West rail phase 2, engineering delivery partner for High Speed 2, work on the west section of Thames Tideway and appointment onto Scottish Water's technical support consultancy contract.

Total number of employees was down at year end to 18,052 (2015: 18,462), reflecting reductions in the Middle East and Asia Pacific and the sale of the business in Portugal.

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MPU

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