Chief executive Christopher Cole described 2011 as a challenging year. Although 2012 is not expected to see any improvement in market conditions, he said that WSP was in a better shape to cope with it.
UK revenues fell from £220.3m in 2010 to £209.2m in 2011. Adjusted profit fell from £9.8m to £3.3m.
“Our UK performance reflected a difficult economy and the associated costs of restructuring,” Mr Cole said. “Our activities in the roads market declined more quickly than expected in the first six months, although our strong position in the commercial, residential and rail sectors underpins an improving business as we move into 2012.”
Globally, group revenue was up from £706.9m in 2010 to £717.3m in 2011, while profits were down form £38.0m to £33.0m.
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