WS ATKINS, the design and engineering consultancy group, yesterday said it overcame the strength of sterling last quarter to trade in line with expectations.
The FTSE listed group, which operates in the UK, Europe, middle east and Asia, said its forecasts were unchanged for the year, despite sterling’s strength. The company earns revenues in foreign currencies but must then exchange into sterling, so cutting their value.
In the UK, the company said its bid to shrink water and environment and aerospace business was also going to plan. “We have taken action to mitigate the reduced workload in our aerospace business,” the firm said.