Turnover increases 23 percent in Australia as regional footprint grows
We have increased global turnover to AUD770m in the year ended 30 April 2015, with turnover from its Australia and New Zealand business growing 23 percent to AUD59m.
Turner & Townsend Australia and New Zealand Managing Director, Anooj Oodit, commented: “It has been a great year for our Australia and New Zealand business. We accelerated the growth of our capability by acquiring the project management firm Thinc, growing the business to over 400 staff across the region. We also increased our presence in Fiji and New Zealand.
“In the infrastructure sector, we secured significant project wins from the largest high-voltage transmission company in Australia and are working on Australia’s largest rail program, Sydney Metro Northwest (formerly the North West Rail Link). When complete, it is anticipated to result in 14,000 fewer car journeys each year.
On Australia’s Gold Coast we are working with Wanda and Ridong Group on their $1bn triple tower mixed-use development ‘The Jewel’. We also maintained our market-leading position in the education and retail sectors, through major projects including Eastland Shopping Centre in Melbourne.
“In a declining natural resources market, we have capitalised on our strengths by concentrating on delivering efficiencies and optimising costs at all project stages.”
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 AUD770m 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.