Effects of changes to segmentation

21 April 2017

On 2 March, in the results announcement for the year ended 31 December 2016, we reported that the Board had decided that, from 1 January 2017, the Group would operate and report three multi-disciplinary regional segments: Australia Asia Pacific ("AAP"), which has been in existence since 2013, Europe and North America. The latter two have been formed by combining Built and Natural Environment ("BNE"): Europe with the Europe, Africa and Middle East ("EAME") component of Energy and BNE: North America with the North America component of Energy.

The effect of these changes on the segment results for the year ended 31 December 2016 and on the six months ended 30 June 2016 is given below in notes 1 and 2 respectively.

21 April 2017

 

ENQUIRIES
RPS Group plc
Dr Alan Hearne, Chief Executive
Gary Young, Finance Director
Tel: 01235 863 206

Instinctif Partners
Justine Warren
Matthew Smallwood
Tel: 020 7457 2020

 

RPS define, design and manage projects in the property, energy, transport water, defence and security and resources sectors across 125 countries. Our main offices are in the UK, Ireland, the Netherlands, Norway, the USA, Canada and Australia Asia Pacific. We undertake projects in many other parts of the world.

Note 1

Segment results for the year ended 31 December 2016 as restated

£000's Fees Expenses Intersegment
revenue
External
revenue
Europe 307,671 42,406 (1,603) 348,474
North America 98,560 9,722 (323) 107,959
AAP 130,140 8,439 (541) 138,038
Group eliminations (2,075) (392) 2,467 -
Total 534,296 60,175 - 594,471

 

£000's Underlying
profit
Reorganisation
costs
Segment Profit
Europe 42,120 (3,289) 38,831
North America 10,623 (1,079) 9,544
AAP 15,481 (1,246) 14,235
Total 68,224 (5,614) 62,610

Segment results for the year ended 31 December 2016 as originally presented

£000's Fees Expenses Intersegment
revenue
External
revenue
BNE - Europe 269,029 36,166 (714) 304,481
BNE - North America 65,382 6,398 (160) 71,620
Energy 71,490 9,327 (485) 80,332
AAP 130,140 8,439 (541) 138,038
Group eliminations (1,745) (155) 1,900 -
Total 534,296 60,175 - 594,471

 

£000's Underlying
profit
Reorganisation
costs
Segment Profit
BNE - Europe 35,598 (460) 35,138
BNE - North America 8,156 (305) 7,851
Energy 8,989 (3,603) 5,386
AAP 15,481 (1,246) 14,235
Total 68,224 (5,614) 62,610

Detailed reclassification for the year ended 31 December 2016

£000's Fees Expenses Intersegment
revenue
External
revenue
Europe 38,642 6,240 (889) 43,993
North America 33,178 3,324 (163) 36,339
Energy (71,490) (9,327) 485 (80,332)
AAP - - - -
Central (330) (237) 567 -
Total - - - -

 

£000's Underlying
profit
Reorganisation
costs
Segment Profit
Europe 6,522 (2,829) 3,693
North America 2,467 (774) 1,693
Energy (8,989) 3,603 (5,386)
AAP - - -
Total - - -

Note 2

Segment results for the six months ended 30 June 2016 as restated

£000's Fees Expenses Intersegment
revenue
External
revenue
Europe 151,363 20,406 (835) 170,934
North America 47,312 5,052 (187) 52,177
AAP 63,171 5,358 (209) 68,320
Group eliminations (1,042) (189) 1,231 -
Total 260,804 30,627 - 291,431

 

£000's Underlying
profit
Reorganisation
costs
Segment Profit
Europe 17,093 (2,452) 14,641
North America 5,339 (448) 4,891
AAP 7,344 (1,037) 6,307
Total 29,776 (3,937) 25,839

Segment results for the six months ended 30 June 2016 as originally presented

£000's Fees Expenses Intersegment
revenue
External
revenue
BNE - Europe 131,205 17,332 (275) 148,262
BNE - North America 31,957 3,675 (81) 35,551
Energy 35,300 4,327 (329) 39,298
AAP 63,171 5,358 (209) 68,320
Group eliminations (829) (65) 894 -
Total 260,804 30,627 - 291,431

 

£000's Underlying
profit
Reorganisation
costs
Segment Profit
BNE - Europe 16,751 (383) 16,368
BNE - North America 4,753 (151) 4,602
Energy 928 (2,366) (1,438)
AAP 7,344 (1,037) 6,307
Total 29,776 (3,937) 25,839

Detailed reclassification for the six months ended 30 June 2016

£000's Fees Expenses Intersegment
revenue
External
revenue
Europe 20,158 3,074 (560) 22,672
North America 15,355 1,377 (106) 16,626
Energy (35,300) (4,327) 329 (39,298)
AAP - - - -
Central (213) (124) 337 -
Total - - - -

 

£000's Underlying
profit
Reorganisation
costs
Segment Profit
Europe 342 (2,069) (1,727)
North America 586 (297) 289
Energy (928) 2,366 1,438
AAP - - -
Total - - -