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| 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 |
From Apr 2019 to Apr 2024
TIDMRPS
RNS Number : 1417T
RPS Group PLC
02 July 2018
2 July 2018
RPS Group plc
('RPS' or the 'Group')
Notice of Interim Results
Segmentation changes
Notice of Interim Results
RPS will announce its Interim Results for the six months ended 30 June 2018 on Thursday, 2 August 2018.
A meeting for analysts will be held at 9.30am on the morning of the results announcement at the offices of Buchanan, 107 Cheapside, London, EC2V 6DN.
Segmentation changes
Since the publication of the Group's results for the year ended 31 December 2017 on 1 March 2018, the Board has made the following organisational changes.
Creation of a global Energy business
As part of the Board's strategic priority to revitalise our Energy business, the Group's oil and gas businesses in Australia Asia Pacific ('AAP') and Norway, part of Built and Natural Environment - Europe, have been transferred to Energy.
In addition, the Group's Metocean businesses in AAP and Built & Natural Environment - North America ('BNE - North America'), that have significant oil and gas sector exposure, have also been transferred to Energy.
A new team is in place to lead and manage Energy, which now provides consulting and services to the oil and gas sector on a global basis.
The Board has also changed the name of BNE - North America to 'North America'. The Group's ocean science business, based in the USA, that provides services to various sectors including oil and gas, remains within the North America business.
Re-organisation of our businesses in Europe
RPS provides a range of consultancy and technical services in UK, Ireland, the Netherlands and Norway. To provide increased focus and manage the Group's businesses better the Board has made the following organisational changes.
1) Our business in Norway that provides project and program management and is managed by a dedicated team is now reporting directly to the Group's CEO.
2) Our business in the UK, Ireland and Netherlands is now being managed as two separate businesses:
a) a design and development, planning and environment, and project management consulting business in UK and Ireland, named 'Consulting - UK and Ireland'; and
b) a water, laboratory, health, safety and risk services business in UK and the Netherlands, named 'Services - UK and Netherlands'.
RPS will present its results for the six months ended 30 June 2018 reflecting the above and will comprise six segments as follows:
Energy
Consulting - UK and Ireland
Services - UK and Netherlands
Norway
North America
AAP
These segmental changes have been implemented across the Group to enhance organisational effectiveness and efficiency. The Board believes that these changes will provide additional transparency to investors.
The restatement of prior period results consistent with this new segmental structure is shown below in Appendix 1 and 2.
- Ends -
For further information:
RPS Group plc John Douglas, Chief Executive Tel: +44 (0) 1235 863206 Gary Young, Finance Director www.rpsgroup.com
Media enquiries:
Buchanan Henry Harrison-Topham / Chris Lane / Tel: +44 (0) 20 7466 5000 Maddie Seacombe RPS@buchanan.uk.com www.buchanan.uk.com
Notes to Editors
RPS is an international consultancy of 5,500 creative professionals and service providers. We define, design and manage projects in 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.
Appendix 1
Segmental Results for December 2017 as restated GBP000s Fee income Recharged expenses Intersegment revenue External Revenue ------------------------------- ----------- ------------------- --------------------- ----------------- Energy 93,005 13,024 (675) 105,354 Consulting - UK and Ireland 120,767 25,339 (1,388) 144,718 Services - UK and Netherlands 95,699 16,497 (708) 111,488 Norway 67,986 1,192 (212) 68,966 North America 68,274 1,918 (217) 69,975 Australia Asia Pacific 119,674 10,939 (478) 130,135 Group eliminations (3,085) (593) 3,678 - Total 562,320 68,316 - 630,636 ------------------------------- ----------- ------------------- --------------------- ----------------- GBP000s Underlying profit Reorganisation costs Segment profit ------------------------------- ----------- ------------------- --------------------- ----------------- Energy 8,511 (544) 7,967 Consulting - UK and Ireland 16,615 - 16,615 Services - UK and Netherlands 13,955 - 13,955 Norway 6,378 - 6,378 North America 7,507 (206) 7,301 Australia Asia Pacific 15,257 (461) 14,796 Total 68,223 (1,211) 67,012 ------------------------------- ----------- ------------------- --------------------- ----------------- Segmental Results for December 2017 as originally presented GBP000s Fee income Recharged expenses Intersegment revenue External Revenue ------------------------------- ----------- ------------------- --------------------- ----------------- BNE - Europe 287,574 43,190 (1,246) 329,518 BNE - North America 76,160 1,989 (265) 77,884 Energy 65,407 11,100 (470) 76,037 AAP 135,025 12,556 (384) 147,197 Group eliminations (1,846) (519) 2,365 - Total 562,320 68,316 - 630,636 ------------------------------- ----------- ------------------- --------------------- ----------------- GBP000s Underlying profit Reorganisation costs Segment profit ------------------------------- ----------- ------------------- --------------------- ----------------- BNE - Europe 37,048 - 37,048 BNE - North America 8,542 (208) 8,334 Energy 6,801 (441) 6,360 AAP 15,832 (562) 15,270 Total 68,223 (1,211) 67,012 ------------------------------- ----------- ------------------- --------------------- ----------------- Detailed reclassification for December 2017 GBP000s Fee income Recharged expenses Intersegment revenue External Revenue ------------------------------- ----------- ------------------- --------------------- ----------------- BNE - Europe (287,574) (43,190) 1,246 (329,518) Consulting - UK and Ireland 120,767 25,339 (1,388) 144,718 Services - UK and Netherlands 95,699 16,497 (708) 111,488 Norway 67,986 1,192 (212) 68,966 North America (7,886) (71) 48 (7,909) Energy 27,598 1,924 (205) 29,317 Australia Asia Pacific (15,351) (1,617) (94) (17,062) Group eliminations (1,239) (74) 1,313 - Total - - - - ------------------------------- ----------- ------------------- --------------------- ----------------- GBP000s Underlying profit Reorganisation costs Segment profit ------------------------------- ----------- ------------------- --------------------- ----------------- BNE - Europe (37,048) - (37,048) Consulting - UK and Ireland 16,615 - 16,615 Services - UK and Netherlands 13,955 - 13,955 Norway 6,378 - 6,378 North America (1,035) 2 (1,033)
Energy 1,710 (103) 1,607 Australia Asia Pacific (575) 101 (474) Total - - - ------------------------------- ----------- ------------------- --------------------- -----------------
Appendix 2
Segmental Results for June 2017 as restated GBP000s Fee income Recharged expenses Intersegment revenue External Revenue ------------------------------- ----------- ------------------- --------------------- ----------------- Energy 45,575 8,289 (419) 53,445 Consulting - UK and Ireland 61,106 11,720 (732) 72,094 Services - UK and Netherlands 48,314 7,668 (372) 55,610 Norway 35,066 591 (157) 35,500 North America 33,310 924 (90) 34,144 Australia Asia Pacific 59,394 4,533 (204) 63,723 Group eliminations (1,710) (264) 1,974 - Total 281,055 33,461 - 314,516 ------------------------------- ----------- ------------------- --------------------- ----------------- GBP000s Underlying profit Reorganisation costs Segment profit ------------------------------- ----------- ------------------- --------------------- ----------------- Energy 3,561 (331) 3,230 Consulting - UK and Ireland 9,128 - 9,128 Services - UK and Netherlands 6,652 - 6,652 Norway 3,621 - 3,621 North America 4,197 (108) 4,089 Australia Asia Pacific 8,069 (255) 7,814 Total 35,228 (694) 34,534 ------------------------------- ----------- ------------------- --------------------- ----------------- Segmental Results for June 2017 as originally presented GBP000s Fee income Recharged expenses Intersegment revenue External Revenue ------------------------------- ----------- ------------------- --------------------- ----------------- BNE - Europe 147,014 20,006 (536) 166,484 BNE - North America 35,221 2,232 (123) 37,330 Energy 33,209 5,835 (686) 38,358 AAP 66,970 5,593 (219) 72,344 Group eliminations (1,359) (205) 1,564 - Total 281,055 33,461 - 314,516 ------------------------------- ----------- ------------------- --------------------- ----------------- GBP000s Underlying profit Reorganisation costs Segment profit ------------------------------- ----------- ------------------- --------------------- ----------------- BNE - Europe 19,517 - 19,517 BNE - North America 4,411 (109) 4,302 Energy 2,998 (236) 2,762 AAP 8,302 (349) 7,953 Total 35,228 (694) 34,534 ------------------------------- ----------- ------------------- --------------------- ----------------- Detailed reclassification for June 2017 GBP000s Fee income Recharged expenses Intersegment revenue External Revenue ------------------------------- ----------- ------------------- --------------------- ----------------- BNE - Europe (147,014) (20,006) 536 (166,484) Consulting - UK and Ireland 61,106 11,720 (732) 72,094 Services - UK and Netherlands 48,314 7,668 (372) 55,610 Norway 35,066 591 (157) 35,500 North America (1,911) (1,308) 33 (3,186) Energy 12,366 2,454 267 15,087 Australia Asia Pacific (7,576) (1,060) 15 (8,621) Group eliminations (351) (59) 410 - Total - - - - ------------------------------- ----------- ------------------- --------------------- ----------------- GBP000s Underlying profit Reorganisation costs Segment profit ------------------------------- ----------- ------------------- --------------------- ----------------- BNE - Europe (19,517) - (19,517) Consulting - UK and Ireland 9,128 - 9,128 Services - UK and Netherlands 6,652 - 6,652 Norway 3,621 - 3,621 North America (214) 1 (213) Energy 563 (95) 468 Australia Asia Pacific (233) 94 (139) Total - - - ------------------------------- ----------- ------------------- --------------------- -----------------
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
NORUKSVRWAANUAR
(END) Dow Jones Newswires
July 02, 2018 02:00 ET (06:00 GMT)
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