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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 拢220.3m in 2010 to 拢209.2m in 2011. Adjusted profit fell from 拢9.8m to 拢3.3m.
鈥淥ur UK performance reflected a difficult economy and the associated costs of restructuring,鈥� Mr Cole said. 鈥淥ur 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.鈥�
Globally, group revenue was up from 拢706.9m in 2010 to 拢717.3m in 2011, while profits were down form 拢38.0m to 拢33.0m.
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