Solid set of results show revenue and profit growth
Pre-tax profit at engineer Mott MacDonald has jumped 15% in the last year, the firm鈥檚 accounts reveal.
In its accounts for the year to 31 December 2012, Mott MacDonald Group Limited reported a pre-tax profit of 拢56m, up from 拢49m in 2011.
The firm also reported a slight rise in revenue, which rose to 拢1.1bn from 拢1.07bn over the period.
Managing director Richard Williams said: 鈥淢ott MacDonald鈥檚 geographic and sector diversity has once again allowed us to achieve modest revenue and operating profit growth despite sluggish trading conditions in many parts of the world.鈥�
He said the firm鈥檚 UK business had 鈥渂enefitted from the government鈥檚 recognition of infrastructure as an engine for growth鈥�. Although he added that the UK market remained 鈥渃hallenging鈥�.
Williams said he anticipated there would be revenue and profit growth from the Europe and Africa regional businesses in 2013.
He said business in the Middle East and South Asia remained 鈥渟luggish鈥� while the US market was 鈥渇ragile鈥� and the Canadian market continued to provide 鈥済ood opportunities鈥�.
Williams said there were still opportunities to grow the business in Australia and East Asia.
He added: 鈥淕lobal conditions remain mixed and in many places challenging and it is not expected that we will see any significant change in this situation during 2013.
鈥淩ising costs are a growing threat, and with volume growth likely to remain subdued in many parts of the business, our strategy is to continue to seek margin improvement through efficiency and innovation, driving investment in sectors and geographies with stronger prospects.鈥�
Mott MacDonald Group reported a slight increase in its staff from 13,162 in 2011 to 13,249 in 2012.
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