2016-2017 has been another strong year for Turner & Townsend.
Our financial results were exceptional. Revenue increased by 20 percent to £491m and profit by 20 percent to £47m. Our cash position at year end was £48.3m and our business remains debt free, enabling us to continue to reinvest to build our long term capability.
The financial performance in the year to 30 April 2017 has been very strong with the results reporting significant revenue growth, excellent cash generation, and robust margins.
The financial results set out are extracted from financial statements prepared under International Financial Reporting Standards. Prudent accounting policies continue to be applied on a basis consistent with prior years.
Our year as experienced by our regional managing directors.
This year has been significant for our growth not only in terms of financial results, but the way we manage and lead the business towards success.
In a year of change across our clients’ businesses, the industries and regions in which we work, our commitment to and investment in our business model has created stability and a platform for growth.
As our clients expand into new geographies and invest in bigger, more complex programmes, we naturally look to support them in their endeavours.
With these opportunities come risk, whether we’re expanding our footprint, increasing our service offering or embarking on major programmes.