Only blip for Atkins is poor performance of management consultancy arm which had poor start to 2008
Consultant WS Atkins has said performance in the year to date is in line with expectations despite a poor start to 2008 at its management consultancy business.
In a trading update for the third quarter to the end of December 2007 today, it said its core markets remain robust and that its forward workload remains strong but an improvement in the management consultancy sector was unlikely until after the end of the financial year on 31 March.
The consensus forecast for the year is £91.4m pre-tax profit on turnover of £1.3bn. Last year it made a pre-tax loss of £40m on turnover of £1.26m after the demise of Metronet.
It said its design and engineering solutions segment was performing well and the recovery of rail is continuing as anticipated, while the highways and transportation segment is performing in line with expectations and the Middle East business continues to make good progress across the region.