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RPS Rps Group Plc

221.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Rps Group Plc LSE:RPS London Ordinary Share GB0007594764 ORD 3P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 221.00 221.00 222.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

RPS Group PLC Effects of changes to segmentation (9136C)

21/04/2017 7:00am

UK Regulatory


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TIDMRPS

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 
 
                                                      Intersegment   External 
 GBP000s                      Fees         Expenses        revenue    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 
---------------------  -----------  ---------------  -------------  --------- 
 
                        Underlying   Reorganisation        Segment 
 GBP000s                    profit             cost         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 
 
                                                      Intersegment   External 
 GBP000s                      Fees         Expenses        revenue    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 
---------------------  -----------  ---------------  -------------  --------- 
 
                        Underlying   Reorganisation        Segment 
 GBP000s                    profit             cost         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 
 
                                                      Intersegment   External 
 GBP000s                      Fees         Expenses        revenue    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                           -                -              -          - 
---------------------  -----------  ---------------  -------------  --------- 
 
                        Underlying   Reorganisation        Segment 
 GBP000s                    profit             cost         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 
 
                                                      Intersegment   External 
 GBP000s                      Fees         Expenses        revenue    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 
---------------------  -----------  ---------------  -------------  --------- 
 
                        Underlying   Reorganisation        Segment 
 GBP000s                    profit             cost         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 
 
                                                      Intersegment   External 
 GBP000s                      Fees         Expenses        revenue    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 
---------------------  -----------  ---------------  -------------  --------- 
 
                        Underlying   Reorganisation        Segment 
 GBP000s                    profit             cost         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 
 
                                                      Intersegment   External 
 GBP000s                      Fees         Expenses        revenue    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                           -                -              -          - 
---------------------  -----------  ---------------  -------------  --------- 
 
                        Underlying   Reorganisation        Segment 
 GBP000s                    profit             cost         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

END

MSCKMGZDKGLGNZM

(END) Dow Jones Newswires

April 21, 2017 02:00 ET (06:00 GMT)

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