Beating tough market conditions to grow Middle East revenue by a quarter
We have increased our Middle East turnover by a quarter, and our profits by nearly a third, in the year ended 30 April 2016.
- Our Middle East revenue increased by 24 percent in 2015-2016
- Middle East team now numbers more than 300 people across the region’s four offices
- Global turnover reaches £409m, with profits doubling in just five years
Our strong performance in the Middle East – which saw regional turnover grow by 24 percent to £32.2m and operating profit climb 32 percent to £5.1m – helped drive our global revenue to a record £409m.
Middle East Managing Director, Mike Collings, commented: “Despite the abrupt fall in oil prices, this has been a very strong year for our Middle East operation.
“We saw significant growth in real estate and built momentum in infrastructure, with clients still demonstrating the desire to invest in the region despite the low price of oil.
“We built our reputation for our full breadth of services this year, securing major real estate commissions and significant new wins with Unilever, Galleries Lafayette and the passenger terminal extension at Al Maktoum International Airport.
“Our aim in the year ahead is to increase our footprint with new offices in Saudi Arabia and continue to exceed our clients’ expectations as they invest in the region.”
We employ nearly 4,300 staff across 97 offices worldwide, and have now recorded six successive years of growth. Our profit after tax of £30m has almost tripled in five years.
Vincent Clancy, Chief Executive Officer commented: “Our achievements are a testament to the strength of our business, despite a backdrop of significant volatility.
“The past year has seen us become the partner of choice for many of the world’s largest capital programmes, and our diversified business model continued to serve us well – giving us the flexibility to adapt to changes in individual markets.
“We’ve grown our global footprint, supporting our key regional hubs and strengthening our operations around the world to better serve our clients wherever and whenever they need us.”
For more information, see our annual review 2015-2016.