Engineering and design consultancy services provider WS Atkins plc (ATK.L) Wednesday said it traded well during the fourth quarter and that it expects results for the year ended March 31 to be slightly ahead of market view.
Commenting on the disposal of the UK highways services business, the group said some 1,200 people will transfer across to Skanska on completion, which is due by May 31. WS Atkins expects to incur exceptional transaction fees and restructuring costs of around 4 million pounds in this financial year, as it realigns its overhead base to reflect the removal of this business. The company however added that these costs will be more than offset by a profit on sale of around 15 million million that will be reported on completion of the transaction in the next financial year.
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