Atkins’ rail division records solid first half to the year

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International engineering consultancy Atkins has said it is on track to meet its financial targets despite a ‘challenging’ first half of the year in North America and the Middle East.

The company, which saw revenue fall by 3.2 per cent in the first half of the year, said that procurement delays and ‘a more piecemeal return to investment’ in the some regions of the Middle East was hampering progress on a number of rail projects.

In the UAE, Atkins is currently designing the 1,300km Etihad railway network.

For the six months ended September 30, pre-tax profits rose to £50.4 million.

In the financial report published today (November 15), Atkins highlighted the strong performance of its UK rail business, which has secured signalling contracts worth around £460 million this year.

The report also said the company was ‘progressing well’ with its engineering design work on the Country South section of High Speed 2.

Uwe Krueger, chief executive officer, said: “The group has delivered encouraging results in line with our expectations, with the sector and geographic spread of our business continuing to provide resilience in challenging markets. Implementation of our strategy continues and the outlook for the full year remains unchanged.

“We are pleased to be recruiting again and, in particular, are delighted to welcome over 500 graduates to the group this autumn.

“We have been proud to be the official engineering design services provider to the London 2012 Olympic Games. This project leaves an important regeneration legacy in London and is proving to be a valuable reference for both business development and staff recruitment.”

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