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Effects of changes to segmentation

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By LSE RNS

RNS Number : 9136C
RPS Group PLC
21 April 2017
 

RPS Group PLC

("RPS" or "The Group")

 

Effects of changes to segmentation 

 

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

Tel: 01235 863206

Dr Alan Hearne, Chief Executive

 

Gary Young, Finance Director

 

 

 

Instinctif Partners

Tel: 020 7457 2020

Justine Warren

 

Matthew Smallwood

 

 

  

RPS is an international consultancy providing advice upon the development and management of the built and natural environment; the planning and development of strategic infrastructure, and the evaluation and development of energy, water and other resources.  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

 

 

 

 

 

£000s

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

 

 

 

 

 

£000s

Underlying profit

Reorganisation cost

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

 

 

 

 

 

£000s

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

 

 

 

 

 

£000s

Underlying profit

Reorganisation cost

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

 

 

 

 

 

£000s

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

 -

 -

 -

 -

 

 

 

 

 

£000s

Underlying profit

Reorganisation cost

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

 

 

 

 

 

£000s

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

 

 

 

 

 

£000s

Underlying profit

Reorganisation cost

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

 

 

 

 

 

£000s

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

 

 

 

 

 

£000s

Underlying profit

Reorganisation cost

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

 

 

 

 

 

£000s

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

 -

 -

 -

 -

 

 

 

 

 

£000s

Underlying profit

Reorganisation cost

Segment

profit

 

Europe

342

(2,069)

(1,727)

 

North America

586

(297)

289

 

Energy

(928)

2,366

1,438

 

AAP

 -

 -

 -

 

Total

 -

 -

 -

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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