Atkins hits £2bn turnover ahead of SNC-Lavalin takeover

Grant Prior 5 years ago
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WS Atkins saw turnover break the £2bn turnover ahead of its takeover by SNC-Lavalin.

The deal will be finalised next month when Atkins’ 18,300 staff will get new owners.

Results for the year to March 31 2017 show group turnover rose to £2,081m from £1,862 last time as underlying pre-tax profit increased to £164.6m from £139m.

The UK and Europe business delivered another strong performance with a 22% increase in operating profit to £90.4m on revenue down slightly at £911m due to a dip in rail signalling work.

Margins in the UK and Europe business improved to 9.9% due to overhead savings as staff numbers in the UK fell to 8,465 from 8,873.

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