Annual review 2015 - 2016
Assured performance - in the seventieth year since our formation we have delivered record results against a backdrop of major market volatility. Our 2015 - 2016 annual review explores our people, projects and performance in a record-breaking year.
- 8 percent new revenue growth
- £409m turnover
- 4,278 staff
It is very pleasing to report another year of growth for Turner & Townsend. We have delivered record results while commodity prices dropped, investment in natural resources fell and the Chinese economy slowed. Our ability to grow in these circumstances can be attributed to our diverse business model. We serve multiple sectors and regions, helping to make us resilient.
Turnover in 2015–2016 rose from £380m to £409m. This is our sixth consecutive year of growth, which firmly establishes our agility in responding to challenges and opportunities in our markets. We have continued to take a long-term view on how we do business, serve our clients and deliver great outcomes to ensure sustainable success.
Our real estate business achieved excellent performance this year, posting a 15 percent increase in revenue to £196m.
We supported clients in multiple markets and maximised our opportunities by targeting industries that showed significant activity.
2015–2016 was a year of continued success for our infrastructure business.
Driven by major programme wins and expansion of our service offer, we made strong progress towards our long-term growth target, achieving a 16 percent increase in revenue to £123m.
Our natural resources business delivered a solid performance during 2015–2016, in an environment that remained extremely challenging.
Overall revenue for the year was significantly down compared to the previous year at £58m but nonetheless met expectations.
Chief Executive's report
Our achievements are a testament to the strength of our business and the value of our investment in our global capability. I am confident we are on the right path and the strategy we have put in place is paying off.
The built environment felt the impact of major macroeconomic events this year. However, despite significant volatility in natural resources markets, our ability to deliver growth has demonstrated the flexibility and resilience of our business model.
Download the full annual review