Celebrating the rise of European profits by three quarters in a year
We have increased our revenue in continental Europe by nine percent in the year ended 30 April 2016.
- Exceptional performance in Germany, Netherlands and Russia drives up our European profits by 75 percent in 2015-2016
- Regional revenue grows by nine percent to £23.4m amid strategic pivot from natural resources to infrastructure and real estate
- Global turnover reaches £409m, with profit after tax almost tripling in just five years
We turned over a record £23.4m across the region, and grew profits by 75 percent to £2.2m, thanks to a string of successful projects in Germany, the Netherlands, France, Russia and Poland.
The success comes in the face of challenging conditions in the oil and gas sector. Our expertise in the infrastructure and real estate sectors saw us win major projects at Amsterdam’s Schiphol and Frankfurt airports, and deliver capital programmes for the European property portfolios of global brands Daimler and Zurich Insurance.
The strong performance of our European operations played a key role in driving up our global revenue to a record £409m.
James Dand, Europe Managing Director commented: “Europe delivered strong growth overall, with exceptional performance by our teams in Germany, the Netherlands, France, Russia and Poland.
“Our global clients continued to require more of our expertise, and we responded by helping several of them to deliver major real estate programmes across Europe.
“We also grew our market share in our core markets, and established new capability in Spain.
“Our focus for the year ahead will be on building further on our high standards of delivery, accelerating the growth of our infrastructure business and supporting our talented people to deliver great outcomes to our clients.”
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 added: “Our achievements are a testament to the strength of the 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 continues 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.