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Atkins posts mixed financial results but says “outlook remains positive”

Atkins has announced its preliminary financial results for the year ended 31 March 2015.

The company has seen a 6.6% decrease in pre-tax profit, down from £114.2M in 2014 to £106.7M in 2015. However, underlying profit before tax rose by 14.6% from £106.4M in 2014 to £121.9M in 2015.

Operating margins for 2015 increased to 6.7%, up from 6.5% in 2014, and underlying operating margins rose to 7.6% from 6.7%. Operating profit was boosted by 4.2% from £113.7M in 2014 to £118.5M in 2015, while underlying operating profit increased by 15.2% from £116.4M to £134.1M for 2015.

Revenue for 2015 increase by 0.4% to £1,756.6M, compared to £1,750.1M for the previous year. The company reported strong operating cash flow up 40.2% to £133.9M and year-end net funds of £179.3M.

The group’s staff numbers also rose 5.6%, reaching 18,462 in 2015.

In a statement, the company highlighted its improving operational performance in North America but admitted results in the UK and Europe are mixed.

The company said: “We have delivered good results with solid growth in profitability and excellent cash performance. Margin progression has continued towards our 8% goal and the outlook remains positive.”

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