Growth comes on the back of the company鈥檚 partial takeover by US firm CBRE during the year.
Horsforth-based Turner & Townsend鈥檚 results for the year to 30th April show that turnover reached 拢884尘 while net revenue was up 17% at 拢779尘.
Pre-tax profit (before interest and amortisation) increased 6% from 拢114尘 in FY2021 to 拢121尘 this time.
Global staff headcount expanded by 25% to 8,481, with notable growth in Asia (up 36%) and in the UK (up 23%). Turner & Townsend now employs 3,595 people across its 16 UK offices.
The UK business showed growth in all three core business areas of real estate, infrastructure and natural resources, with overall net revenue for the UK up 18% percent in FY 2022 to 拢321.6m.聽
Projects such as managing the delivery of a 拢450m gigafactory in Sunderland for Envision have helped the business achieve a 22% net revenue increase from real estate (to 拢163.9m), and 13.% growth in infrastructure (to 拢153.3m).聽 Revenue from the energy sector was聽 up 16% to 拢4.4m.
Globally, revenue growth was led by the real estate sector, in which the business saw a 21% rise on the back of investment activity in commercial property, as well as in advanced manufacturing. Projects include two new electric vehicle gigafactories for the Ford Motor Company in the USA.聽聽
In November 2021 CBRE completed the purchase of a 60% stake in Turner & Townsend for 拢960m, valuing Turner & Townsend at 拢1.6bn.
Vincent Clancy, chairman and chief executive of Turner & Townsend, said: 鈥淕lobal 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.聽 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.聽
鈥淭his 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.聽 We will continue聽
| Turner & Townsend | Year to 30 Apr 22 | Year to 30 Apr 21 | Change |
|---|---|---|---|
| Global turnover | 拢884尘 | 拢727尘 | 21.5% |
| Global net revenue | 拢779尘 | 拢665尘 | 17.2% |
| Global EBITA | 拢121尘 | 拢114尘 | 5.8% |
| Global employees | 8,481 | 6,801 | 24.7% |
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