11th Feb 2015 07:59
LONDON (Alliance News) - Design, engineering and project management consultant WS Atkins PLC on Wednesday affirmed its full-year outlook and said the business is performing in line with expectations.
The group said the performance in its UK business remains mixed. It said it has made progress in the resolution of contract variations in its rail business and said it has reshaped its aerospace business in line with the current market conditions.
The highways and design and engineering business have both traded well in the period, on the back of strong infrastructure markets in the UK, however, and it expects its operating margins to improve in the second half of its financial year to the end of March.
It expects a flat performance in its North American business and said its Asia Pacific arm has traded in line with expectations, while its Middle East arm has continued its strong performance.
The group also said its oil and gas, nuclear and power businesses have performed well in the second half, though it is monitoring the oil and gas trading environment given the spending cuts by oil and gas industry companies as a result of the falling oil price.
By Sam Unsted; [email protected]; @SamUAtAlliance
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