Group Results for 2014
02 February 2015
The Group's results for the year ended 31 December 2014 will be released on 26 February 2015.
Unaudited management accounts for the full year indicate that the Group's performance will be at the top end of market expectations. Despite the steep fall in the oil price since June 2014, our Energy business, which represents about 40% of Group fee income, grew its profits significantly in the second half compared with the first half of the year. This was without the benefit of acquisitions and reflects the resilience and long term nature of this business resulting from its broad range of clients and services, as well as its geographical diversity.
The acquisitions made in 2014 have integrated well and will make a significant contribution in 2015. The terms for two further acquisitions have been agreed. These would further enhance the Group's performance in the current year. One, in the BNE: North America business, is likely to complete before the results are published.
The Board continues to believe that the Group will have another successful year in 2015 and will deliver further growth.
2 February 2015
|RPS Group plc||Tel: 01235 863206|
|Dr Alan Hearne, Chief Executive|
|Gary Young, Finance Director|
|Instinctif Partners||Tel: 020 7457 2020|
RPS is an international consultancy providing advice upon the development of natural resources, land and property, the management of the natural and built environments and the health and safety of people. We have offices in the UK, Ireland, the Netherlands, Norway, the United States, Canada and Australia Asia Pacific and undertake projects in many other parts of the world. The Group is a constituent of both the FTSE 250 and FTSE 4 Good Indices.
This announcement contains certain forward-looking statements with respect to the financial condition, results of operations and businesses of RPS Group plc. These statements involve risk and uncertainty because they relate to events and depend upon circumstances that will occur in the future. There are a number of factors that could cause actual results or developments to differ materially from those expressed or implied by these forward-looking statements. Statements in respect of the Group's performance in 2014 are based upon unaudited management accounts for the period January to December 2014. The Board believes that the best reflection of market expectations is the range of forecasts published by analysts who follow the Group consistently. For 2014 this is ￡64.0 million to ￡65.5 million. Nothing in this announcement should be construed as a profit forecast.