Consultant says acqusitions and strong organic growth will push 2007 revenue growth over 15%

WSP Group has announced it is trading ahead of expecations for 2007.

In a trading statement the multidisciplinary consultant said it would surpass predicted revenue growth of 15% and would improve operating margins by more than 0.5%.

WSP revealed that recent acquisitions had strengthened the consultancy’s presence in Australia, Germany, North America and the United Kingdom. Key projects included the international convention centre in Delhi, the Salem resort and spa in Bahrain, a mixed use development for Hines in Moscow and Jordan’s Queen Alaya international airport.

In the UK, WSP Environmental were appointed technology partner for the remediation of land at the 2012 Olympic Park.

The company stated: “While mindful of macro economic indicators, we continue to trade strongly with high demand for our services worldwide."

"The benefit of our well established diversification strategy across both the public and private sectors and the visibility of our long term order book across a broad geographic base gives the board confidence that WSP will continue to deliver its strategic objectives in 2008.”

Shares remained virtually unchanged this morning, up 3p at 633p.

Topics