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Thu October 31 2024

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Middle East helps Atkins beat market expectations

13 Apr 11 WS Atkins said that it is anticipating reporting results for the year ended 31 March 2011 ahead of current market expectations.

The company’s year-end headcount will be slightly down from February’s predictions. The statement was given in an update on trading for the year ended 31 March 2011 in advance of its preliminary results announcement on 16 June 2011.

“We have continued to adjust our resources across the Group to meet anticipated market demand and we expect to report a year end Group headcount of around 17,500,” said the statement. An estimate of 17,700 had been given on 16 Februrary.

The group said that it had traded well through the fourth quarter, in particular due to the performance of the Middle East business.

The UK business continues to navigate challenging market conditions and is performing in line with expectations, said the company.

“Our US acquisition, The PBSJ Corporation, which was rebranded Atkins on 1 April 2011, has also traded in line with our expectations during the first six months of our ownership, marking a return to previous performance levels,” said the statement.

Atkins said that the group's operations in the Middle East have benefited from increasing activity in the second half of the year, together with further recovery of client payments against which it had previously provided.

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