Chris Cole, chief executive of consultant WSP, said its spread of sectors meant it was well-placed to survive the credit crunch.
Cole, speaking after the company announced a 28% jump in turnover to £577.4m for the year ended 31 December 2007, said its businesses were firing on all cylinders. He said: “We keep a close eye on risk and there is no single sector in any territory that accounts for more than 10% of turnover in its particular region.”
The consultant, which is working on the Shard in central London and the World Trade Centre in New York, posted a pre-tax profit of £37.4m, which was up 42% from £26.5m the previous year.
Francesca Raleigh, analyst at Numis, said: “The results were consistent with the message from other consultants that current trading is good.”
Last year the company made nine acquisitions for a total of £44m but Cole said the pace would slow this year because businesses had yet to drop their prices to realistic levels after the credit crunch.
Turnover from …
- Property £287.8m
- Transport and infrastructure £139.8m
- Environment and energy £80.1m
- Joint ventures and associates £38.4m
- New acquisitions £31.3m