LONDON (dpa-AFX) - WS Atkins plc (ATK.L), the design and engineering consultancy group, today provides its Interim Management Statement for the period from 1 April 2012 to date. WS Atkin said that its outlook for overall performance for the full year is slightly below previous expectations. The company noted that its UK region has had a good start to the year.
The company added that its consultancy business in North America continues to experience weak market conditions, further impacted by a number of project delays as uncertainty increases ahead of the US presidential election in November. The company said it does not expect an improvement in the trading environment during the remainder of this financial year and, as a result, it has taken action to further reduce headcount to reflect anticipated market demand.
The company noted that its Energy business is trading well in buoyant markets across all sectors. The continued success of n.triple.a joint venture is evidenced by recent strategic wins in Saudi Arabia and South Africa, the company said. The company said its financial position remains strong.
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