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Atkins (WS) PLC - Final Results

Atkins (WS) PLC - Final Results  LONDON, UNITED KINGDOM -- (Marketwired) -- 06/12/14 --  Atkins (WS) PLC (LSE: ATK)  Results for the year ended 31 March 2014"Good results and significant progress on our strategy"  Design, engineering and project management consultancy WS Atkins plc (Atkins) today announces its preliminary results for the year ended 31 March 2014.      RESULTS SUMMARY                                                                                                                                                                                         2014         2013   Increase /                                  Note                 Restated7     Decrease                                                                              Income statement                                                               Revenue                           1  GBP1,750.1m  GBP1,705.2m        +2.6%                                                                                Operating profit                       GBP113.7m    GBP104.0m        +9.3%   Underlying operating profit       2    GBP116.4m    GBP109.7m        +6.1%                                                                                Operating margin                            6.5%         6.1%       +0.4pp   Underlying operating margin       2         6.7%         6.4%       +0.3pp                                                                                Profit before taxation                 GBP114.2m     GBP98.0m       +16.5%   Underlying profit before tax      3    GBP106.4m     GBP99.2m        +7.3%                                                                                Profit for the year after                                                     taxation                               GBP96.3m     GBP84.3m       +14.2%   Diluted EPS                                95.8p        84.7p       +13.1%   Underlying diluted EPS            4        85.7p        82.6p        +3.8% Dividend                                    33.75p        32.0p        +5.5% People                              5                                          Staff numbers 31 March                    17,489       17,899        -2.3%   Average staff numbers                     17,565       17,648        -0.5%                                                                              Cash                                                                           Operating cash flow                     GBP95.5m     GBP82.9m       +15.2%   Net funds                              GBP188.3m    GBP143.0m       +31.7%                                                                              Work in Hand                        6          51%          55%       -4.0pp    HIGHLIGHTS  -Underlying profit before tax up 7.3%, on revenue 2.6% ahead  - Excluding Peter Brown and UK highways services, disposed of in year, operating margin at 7.2%  - Operational excellence roll out in North America and Middle East  - Portfolio optimisation now substantially complete  - Confluence acquisition adds key programme management expertise and additional presence in our growth region of Asia Pacific  - Strong operating cash flow with net funds of GBP188.3m  - Full year dividend increased by 5.5% to 33.75 pence (2013: 32.0p), on underlying diluted EPS up 3.8%  - Positive momentum continues into 2014/15, with outlook unchanged and in line with expectations."We have achieved good results with growth in profits and a strong cash performance. We have also made significant progress in delivering our strategy across the three pillars of operational excellence, portfolio optimisation and growth in defined segments and regions and are confident of making further progress in the year ahead."      Allan Cook CBE                         Prof Dr Uwe Krueger                   Chairman                               Chief executive officer                  Click on, or paste the following link into your web browser, to view the associated PDF document.       Enquiries                                                                                                                                                 Atkins                                                                       Uwe Krueger, Chief executive officer   +44(0)2071212000                      Heath Drewett, Group finance director  +44(0)2071212000                      Sara Lipscombe, Group communications                                          director                              +44(0)2071212000                      Kate Moy, Investor relations director  +44(0)2071212000                      Smithfield                                                                   Alex Simmons                           +44(0)2073604900                         This information is provided by RNS  The company news service from the London Stock Exchange  Contacts: RNS Customer Services 0044-207797-4400     
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