Results boost

Harwell-based energy and environment consultancy, AEA Technology, has reported a strong performance for the year ending 31 March 2009, with results boosted by its expansion into the US market.

The group reported revenue up 16 per cent to £93.7m from £80.9m a year earlier. Operating profit increased by five per cent to £10.4m and adjusted profit before tax was up from £9.4m to £10.6m, representing a 13 per cent increase.

Commenting on the results, AEA’s chairman, Dr Bernie Bulkin, said: ‘Even in these difficult market conditions, I am pleased to announce that the AEA Group has delivered a sound financial performance. I am also proud of the mission-critical work we are doing for our government and private-sector customers throughout the world.’

In 2008, the group acquired Project Performance Corporation (PPC), an American data management company whose clients include the Environmental Protection Agency (EPA) and Department of Energy (DOE). According to AEA, this acquisition has strengthened its financial position, helping to secure a $2bn (£1.2bn) pipeline of order opportunities.