Success through resilience: strong annual performance as turnover climbs 22 percent
We have today reported a strong set of annual financial results across all our global regions, as the business continues to pursue its strategy for long-term growth. Overall, our turnover and net revenue have increased to 21.5 percent and 17.2 percent respectively. These successful results supports our strategy of investment in our people, increased digitalisation, and sustainability initiatives.
Revenue growth has been led by the real estate sector – in which the business saw a 21 percent rise. This success is coming on the back of investment activity in commercial property, as well as in advanced manufacturing such as with Ford’s delivery of two new electric vehicle gigafactories in the US.
Infrastructure revenue rose by 12 percent, in line with the renewed focus and investment around the world post-pandemic. We continue to play a key role in the delivery of many of the world’s biggest and most important infrastructure projects, including Crossrail in the UK.
While activity in natural resources remained consistent, contributing 6 percent of global revenue, the business is seeing growing demand for its expertise to deliver renewable and clean energy programmes. Landmark projects with emerging green technologies include the business’ work on carbon capture and storage for hydrogen power at the Santos Moomba project in Australia, as well as on the Hollandse Kust Zuid Offshore project in the Netherlands.
Significant growth regions for the business include Asia, where revenue climbed by 26 percent over the year and where the business’ team expanded by 35.6 percent. Overall headcount for the global business leapt by 24.7 percent in the year.
The twelve month period also saw progress on our own commitment to achieve net zero by 2030. This year, we scored above average for professional services worldwide in an audit by the Carbon Disclosure Project.
This year has also brought new opportunities as part of our strategic partnership with CBRE, which acquired a 60 percent majority stake in our business in November 2021. We continue to be operationally independent, with our own board, and to develop our own service offer as well as pursuing new markets. In line with the new partnership and our common goals, we will work together to pursue joint briefs where to leverage the experience of both parties – including working with clients as they transition to net zero.
Vincent Clancy, Chairman and CEO said:
“Global economies have emerged from the COVID-19 pandemic but still face challenges from rising inflation and disrupted supply chains, especially as a result of the ongoing conflict in Ukraine. These present day threats coincide with an urgent drive to boost economic growth, creating social value, and delivering sustainable, green investment, continue to grow louder, and it is our sector that continues to be called upon to ensure we deliver on these needs."
This strong set of results is a testament to the wealth of talent, vision, and creativity in our team to drive the positive change we need to meet these challenges in every country and community we operate in.
"We will continue to enable and deliver real innovation – pursuing our purpose to transform performance for a green, inclusive and productive world.”
View our full company results for 2021-22 here