Superdude schreef op 18 september 2013 13:41:
Building services contractor Imtech saw operating profit in the UK and Ireland slide by 21% to £12.7m in the first half of the year.
Revenue increased by 10% to £322m driven by the acquisition of process automation specialist Capula in May 2012 and high production levels on jobs in Kazakhstan.
As a result operating margins slipped back from 5.5% in the first half of 2012 to 3.9% this year.
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“We are well on track with the implementation of the strengthened business controls and the restructuring programs are on schedule and will be finalised in the second half of this year. However, this is just the beginning of the necessary change and business improvements at Imtech.”