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. http://www.rns-pdf.londonstockexchange.com/rns/4266J_1-2014-6-11.pdf 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 firstname.lastname@example.org http://www.rns.com
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Atkins (WS) PLC - Final Results
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