North America revenue grows 11 percent
We have increased global turnover to USD600m in the year ended 30 April 2015, with revenue from its North America business growing 11 percent to USD100m.
Turner & Townsend’s North America Managing Director, Bruce McAra, commented: “As the economy strengthened, our strategy of diversification and focus on delivering great outcomes allowed us to grow our revenue by 11 percent, in spite of challenging conditions created by global oil price reductions.
“Having broadened our geographic footprint in recent years, we continued to concentrate on deepening our technical capabilities in our current locations.
“In property, we experienced growth particularly within the hi-tech, manufacturing and commercial sectors, developing services for existing as well as new clients. Aviation also proved strong, having been appointed to our first major programme for Houston Airport Systems.
“We will continue to diversify our client offering by moving into the life sciences, health and education sectors. We will also concentrate on managed services in natural resources, as well as making further progress in the aviation sector.”
The global company, which employs 4,100 staff across 90 offices, has now recorded five successive years of growth and boosted turnover by 75 percent 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 USD600m 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.