But firm points to improved trading in its Middle East, Asia and energy businesses
Atkins has posted a trading statement for its full year performance to 31 March 2014, highlighting improved trading in its Middle East, Asia and energy businesses, but revenue in the firm’s UK business is set to be flat year-on-year.
Atkins - which is led by chief executive Uwe Krueger (pictured) - said the Middle East, Asia and energy businesses divisions had performed strongly in the second half of the year, helping the firm to perform in line with market expectations for the year.
The firm said its UK business “performed well” during the year, with revenue set to be flat year-on-year, with organic growth compensating for the sale of its highways services division to Skanska last year.
The UK business’ operating margin grew in the second half, partly as a result of the highways services division sale, Atkins said.
Atkins’ Middle East business improved performance in the second half and headcount will be up on last year.
The firm’s Asia Pacific business “enjoyed a good end to the year” and is implementing its strategy of growing outside its traditional Hong Kong base.
Atkins’ energy division – which specialises in the oil and gas sectors – “continued to perform strongly” and the firm is on course to complete the acquisition of 130-strong US-based Nuclear Safety Associates next quarter.
The firm’s Scandinavian and North American businesses are trading in line with expectations.
Atkins will post full-year financial results on 12 June.