Turnover increased to $72.9 million across Australia and New Zealand
Active infrastructure and property markets over the past 12 months have driven an increase in our Australia and New Zealand business which rose by 24 per cent to AUD72.9m.
Global turnover reached AUD818m (€409 million) with profit after tax almost tripling in just five years.
New business wins in the past 12 months have included Chinese real estate giant Dalian Wanda Group’s new flagship $1 billion mixed-use project, One Sydney; two vertical school developments in Adelaide and Sydney; Electranet in South Australia; Sydney Airport extension and the Transport for NSW Sydney Metro – City and South West project.
Relationships and service offerings have been extended in the past 12 months include Brisbane Airport; Powerlink extension and Perth airport.
Anooj Oodit, Managing Director for in Australia and New Zealand comments: “We have witnessed a robust year which can be credited to a diverse service offering across several markets and increased capacity and capability which is attributed to acquiring Thinc (now trading as Turner & Townsend Thinc). This strategic acquisition has given us capacity in the project management space which complimented our existing skill-set.
“We are strong in capital projects and programme and Turner & Townsend Thinc’s strengths, particularly in real estate, health and government support these areas. The aligned skills have significantly increased our ability to achieve excellent client outcomes.”
He added, “Despite the slow-down in the mining industry we have secured major wins in the property, education and infrastructure areas. We have concentrated our efforts on finding supply chain efficiencies to deliver greater profits for clients to further secure a market-leading presence.”
We have also significantly expanded our footprint in New Zealand. The suite of services provided to clients span project and programme management, cost management, commercial management, advisory and contract services.
We employ nearly 4,300 staff across 97 offices worldwide, and have now recorded six successive years of growth.
Vincent Clancy, Chief Executive Officer for our global business 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.