Latin America revenue rises 66 percent
Turner & Townsend’s Latin America revenue rose 66 percent to £8.9m in 2014-2015, with profit surges at 291 percent.
We have increased global turnover to £380m in the year ended 30 April 2015, with revenue from its Latin America business growing 66 percent to £8.9m.
Turner & Townsend’s Latin America Managing Director, Robert Edwards, commented: “Our business experienced an exceptional year, with revenue rising by 66 percent and profit up by 291 percent. To build on this growth, we have invested in our capability and grown the team by 28 percent.
“In natural resources, we are advising global clients including Anglo American on large mining projects in Chile and Peru, and supporting oil and gas clients in the new deep-water field off Brazil.
“Key highlights in property included working on a range of investment schemes for two sovereign wealth funds. We are also supporting global clients in the hi-tech, manufacturing and commercial sectors, totalling more than five million square metres of construction projects.
“Looking ahead, we see major growth opportunities in infrastructure. Using our strong global capability, we will particularly focus on opportunities in aviation, power and rail.”
The global company, which employs 4,100 staff across 90 offices, has now recorded five successive years of growth and boosted turnover by 75% since 2010.
Our long-term strategy of diversification – both geographically and across its three core sectors of property, infrastructure and natural resources – successfully absorbed the recent volatility in the oil and gas market to deliver a further 11 percent increase in operating profit in 2014-15.
Turner & Townsend’s CEO Vincent Clancy commented: “Our diverse business model has allowed us to adapt successfully to this year’s shifting marketplace, and delivered some exceptional results both in our emerging markets and in our more mature regions.
“Our record turnover of £380m is an endorsement of the consistent investment we’ve made in the company - and in our staff - over the past five years, and an important milestone in our long-term plan for sustainable growth.”
For more information, see the company’s annual review 2014-2015.