WSP looks overseas as profits slip

27 February 2012 Technical consultancy WSP sees potential for growth overseas, but “limited opportunities” in the UK, as its infrastructure work dries up.
Announcing pre-tax profits of £18.9m for 2011, slightly down from £19.2m the previous year, the firm said a slowdown in infrastructure and transport projects in the UK had dragged down its results.

 “The markets for design and project management continue to be challenging, with limited opportunities in the UK, although we see some opportunity for growth overseas,” WSP said. “There is also little appetite at present to use the PFI model to which many of our support services in this area of business were linked.”

Profit at the firm’s transport and infrastructure business dropped nearly £5m over the year, to £8m.

“In transport and infrastructure most of our activities in the UK, in particular the roads market, have been very subdued,” the firm added.

This page was last updated on:
22 November 2014.

thumb

Banking bonanza

Multilateral infrastructure banks appear to be the new big thing

thumb

Give it a Year

There are a lot of personal and professional milestones for WSP director Gary McCarthy over the next few months. He talks to Amanda Nicholls

register

Register now to get un-restricted access to all sections of the website.

Want to see more first? Try our free preview...