Regional highlights

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1The Americas

Murray Rowden, Managing Director

Our North America business has delivered a solid growth, with revenue increasing to £71.6m off the back of landmark wins.

Attention on ageing infrastructure, coupled with a recognised need for more intelligent financing alongside integrated programme delivery and asset management, have attracted key clients such as Houston Airport and New York Power Authority. Joining forces with AMCL strengthens our offer in this space.

In real estate, our programme management and controls offer is delivering greater control and efficiency across the portfolios of large corporates and governments. Alongside this, we’re delivering major projects for leading technology, financial and manufacturing organisations such as Bank of Canada’s corporate headquarters.

We’ve helped our natural resources clients achieve more for less from the supply chain and introduced delivery models that drive improved performance. Our use of data to improve forecasting and investment has remained a key differentiator, as has our continued investment in our people and proposition.

80.4 m
total revenue in GBP

This has been a significant year for our Latin America business. We broke into infrastructure, winning projects with Lima Airport Partners and Vinci Airports, and opened new offices in Argentina, Colombia and Mexico to respond to increasing investment. Overall, we delivered good performance in a tight market, balancing a decline in revenue with tight cost control. As prices begin to improve, we have supported our mining clients in revisiting prefeasibility studies.

Real estate investment has continued in response to early signs of economic recovery, including work for global corporates such as Nissan, Shell and Uber and key local clients. To cater for this, we have tailored our cost management and assurance offering and established a contract services team to deliver stronger outcomes for major concessionaires and investors. We are intent on providing consistency in delivery beyond the standards clients have experienced locally before.

2UK and Ireland

Jon White, Managing Director

This has been an excellent year for the UK and Ireland with revenue growing by 18.3 percent to £212.5m and operating profit increasing by 18.4 percent.

Our infrastructure business grew steadily as the government sanctioned major client schemes including High Speed 2, Hinkley Point C, Heathrow Airport expansion and the Highways England programme.

Real estate activity remained strong despite the uncertainty of Brexit, with only high-end residential showing some softening. We continue to work on major commissions such as Battersea Power Station, and secured the Crown Commercial Services’ project management and design framework.

The natural resources sector is showing cautious signs of recovery. The North Sea is an area of opportunity, and we’ve started work with Fairfield Energy decommissioning their platform in the Greater Dunlin Area.

212.5 m
total revenue in GBP
18.3 %
increase in revenue

Joining forces with AMCL this year strengthened our integrated asset management offer. We also made a significant investment in talent, increasing our number of graduates and apprentices to 221.

3Europe

Paul Grace, Managing Director

Total revenue for our Europe business increased by 10.5 percent in 2016–2017, reflecting challenges in natural resources. Revenue growth in France and Poland was exceptionally strong, reaching 84 per cent and 48 percent respectively. Operating profit is up 30 percent.

This year, we experienced significant demand from the high tech and manufacturing sector, with clients such as Pfizer and Infineon. Our wins with Frankfurt and Schiphol airports reflected our global aviation expertise, with our infrastructure business a focus for investment and growth.

To support demand in France, Germany and Poland, we have grown our core hub offices, and invested in a new Stockholm office to meet Nordic demand. There, we are currently supporting Microsoft in the delivery of three projects.

 

30 %
net profit increase

We are continuing to invest in our partnership with Nissan, delivering their European roll-out programme, as well as supporting key projects for the German Federal Foreign Office and Immochan.

4Africa

Ian Donaldson, Managing Director

Revenue was £10.8m, with performance affected by slower economic growth and political challenges in parts of southern Africa.

The mining sector has begun to improve, reinforcing our business decision to invest in our skills base – ensuring we have the capacity to service clients as markets recover. We appointed a regional head of infrastructure and leads for public private finance and contract services – reflecting client demands for support on infrastructure projects.

Looking ahead we will build our presence in our new Tanzania office, support our expanded teams in Kenya and Uganda, and pursue major projects and programmes across the continent.

10.8 m
total revenue in GBP

In real estate, headline work included fit-out projects for GE, a global technology client, Maersk and Pfizer. We are operating the programme management office (PMO) for a major global bank and setting up PMOs for ACSA and Standard Bank. Our work on supplier development initiatives includes PetroSA and the development of strategies for multinationals such as Harps Holdings.

Looking ahead we will build our presence in our new Tanzania office, support our expanded teams in Kenya and Uganda, and pursue major projects and programmes across the continent.

5Middle East

Alan Talabani, Managing Director

The Middle East delivered an exceptional performance, with a 42 percent increase in revenue and a 24 percent increase in profit. Total revenue was £45.6m compared to £32.2m in 2015–2016.

Overall the push to diversify Middle East economies away from a carbon base has broadened the range of projects we’ve been engaged on – particularly in manufacturing.

In Dubai the real estate sector remained strong, with Expo 2020 having a positive impact on the market. We also won projects with Galleries Lafayette in Doha and a major hotel operator in Dubai.

Infrastructure remains a key focus, with work on Al Maktoum International Airport and other major projects keeping teams busy.

45.6 m
total revenue in GBP
42 %
increase in revenue

This year saw us commence the process of opening a new office in the Kingdom of Saudi Arabia to meet growing client demand. We also harnessed our BIM talent to deliver better outcomes for several major commissions.

6Asia

Duncan Stone, Managing Director

Our Asia business delivered total revenue of £25.2m, including strong results from our India and Singapore offices.

While the past year has been subdued, we are beginning to see positive signs of growth, with a more stable Chinese economy creating greater confidence and natural resources projects being commissioned – such as the Oyu Tolgoi copper and gold mine in Mongolia.

The year also saw significant activity in aviation, where we’ve won projects with Hong Kong International Airport.

In real estate, we’ve been working with Microsoft in India and China, and extended our relationship with Lenovo in Beijing. Our Singapore office is being kept busy with multiple resort and casino projects.

25.2 m
total revenue in GBP

We continued to strengthen our portfolio management offering, and responded to growing demands for help in building business cases for development.

In the year ahead, we’ll continue to mobilise the best people, to maximise the opportunities provided by a stronger economy.

7Australia and New Zealand

Anooj Oodit, Managing Director

Our Australia and New Zealand business has had a great year delivering for clients, while implementing operational improvements to increase our revenue to £45.2m.

Our real estate sector saw strong growth in retail, health, commercial office and education. We’re supporting construction of 29 new schools in New South Wales plus growing demands for vertical schools – high-rise buildings that support student numbers in urban environments.

Successes in infrastructure include the Melbourne Airport Bussing Facilities project and Sydney Metro City & South West. We’ve been working on every light rail project across the country, including our recent win on Canberra Light Rail stage two.

The natural resources sector remains volatile, however a recent stabilisation in commodity prices has generated some activity.

45.2 m
total revenue in GBP

Overall, clients are seeking greater efficiency and control, leading to a more programmatic approach. There’s also demand for project assurance to verify strategic objectives are being met. We continue to invest in talent to meet evolving client needs.

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