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Fri June 18 2021

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Domestic growth for Atkins

13 Jun 13 Engineering group Atkins has seen its UK operations grow in the past year although globally the business slid a little.

Atkins CEO Uwe Krueger
Atkins CEO Uwe Krueger

Revenue from Atkins’ UK operations was up 4.7% to £900.3m for the year to 31 March 2013, from £859.9m the year before.

UK operating profit was up 9.7% to £56.6m from £51.6m. Staff numbers at year end were 5% up at 9,374, up from 8,924 a year before, excluding the 1,200 who work in the highways business that has been sold to Skanska.

Globally, revenue was 0.3% down to £1,705.2m (2012: £1,711.1m)

Pre-tax profit was down 23.8% to £103.3m (2012: £135.5m), although underlying pre-tax profit was up 2.9% to £104.5m (2012: £101.6m).

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Worldwide, the company employs approximately 17,900 people, up 2.7% on the previous year-end.

“The UK region had a good year and we have achieved positive momentum across all our UK businesses, resulting in headcount growth in continuing operations,” the company said. “Workload in our rail business has strengthened and utilisation is much improved, helped by recent wins in signalling and electrification.  Our water business is performing well through the Asset Management Plan (AMP) cycle, with recent success such as our appointment by Thames Water to its 12 year, capital delivery water framework contract.

“We are seeing good opportunities in UK infrastructure markets as the UK government seeks to stimulate the economy with its commitment to infrastructure spend and through rail and water regulatory spend. We have an ongoing focus on driving operational efficiency through cost reductions and supplementing skills with niche acquisitions where appropriate. We will invest in developing our people, focusing on quality, technical excellence and innovation.

“In addition, our defence, security and aerospace markets are strong and provide good diversity to our infrastructure exposure.”

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