Revenue falls at Atkins
Atkins has revealed a minor fall in annual revenue – with Asia and the UK bucking the trend
The top 10 AJ100 design practice and engineering consultancy posted revenue of £1.7 billion for the 12 months to 31 March 2013.
This was down 0.3 per cent from the previous year, while its pre-tax profit fell 24 per cent to £103.3 million.
But Atkins’ underlying pre-tax profit – which excludes one-off items such as the costs of disposing of its UK highways services business – was up 3 per cent at £104.5m.
The picture varied by region. In the UK, revenue was up 5 per cent to £900.3m, while operating profit grew 10 per cent to £56.6m. Asia Pacific and Europe also saw growth, with revenue up 1 per cent to £164.8m and operating profit rising 16 per cent to £13.8m.
Atkins employed 35 more people in Europe and the Asia Pacific region at the end of March 2013 than it did a year earlier.
The company, appointed to masterplan the redevelopment of 30km of development on the waterfront of Nanjing in China, said it would ‘continue to invest’ in the country.
‘We have focused on the development of our architectural and urban masterplanning business, applying world class design and planning talent to take advantage of the market potential,’ it said in its results report.
It added: ‘Elsewhere in South East Asia we are expanding our presence in Singapore and Malaysia.’
Atkins is developing its businesses in Scandinavia and focusing on providing environmental services for the transport and energy markets in Poland.
Revenue was down 8 per cent in North America and 5 per cent in the Middle East.
The company was recently commissioned to develop guidance for eco-low carbon urban planning in China.
Funded by the UK’s Foreign and Commonwealth Office Prosperity Fund, the project involves working with government agencies and city rulers to provide a reference point for the activity.