Turnover soars by £91m in ninth year of consecutive growth for Turner & Townsend

Global independent professional services firm Turner & Townsend has recorded its ninth consecutive year of growth, with turnover reaching £640m for the year ending 30 April 2019 – rising from £549m the previous year.

The Horsforth-based company, which works on some of the world’s largest and most complex capital projects and programmes across real estate, infrastructure and natural resources, increased pre-tax profits to £67.4m – a rise from £54.6m achieved in the previous year.

Revenue reached £259m in the UK in 2018-19, rising 9% as the business gained market share in its principal regional hubs.  Turner & Townsend’s key UK growth areas have included regional infrastructure aligned to major programmes by Highways England, Heathrow and HS2, as well as accelerating real estate investment by Government and within the high-tech and manufacturing sectors.

The UK business has also seen success expanding its work in the defence industry, including securing key wins on Defence Equipment and Support (DE&S), part of the UK’s Ministry of Defence, as well as the Defence Infrastructure Organisation.

Turner & Townsend said the strong performance had been driven by the company’s diverse business model and continued investment in its people to build capacity around its global footprint.  In the past financial year, Turner & Townsend increased its headcount by 17% and now employs more than 6,100 people in 110 offices across 45 countries.

Vincent Clancy, Chairman and CEO at Turner & Townsend said: “The delivery of another year of exceptional financial results is an impressive achievement in the face of some turbulent global markets.

“Our continued growth is testament to the strength of our diversified global business model, and our investment in people and services, particularly our programme advisory and asset management capability. We also initiated our largest-ever investment in digital services, putting data at the heart of what we do.

“The outlook for our industry is one of huge change and accelerated investment, as it responds to the shift towards a low carbon economy, demand for smart cities, growing populations and strains on existing infrastructure.  I believe we are well placed to be at the forefront of the solutions to these challenges, embracing new technologies and delivering better performance for major programmes and assets over their lifecycles.”

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