黑洞社区

Turner & Townsend has posted bumper financial results for the year ended 30 April 2012, as the proportion of its turnover drawn from overseas markets topped 50% for the first time.

Revenue and profit grew in each of the global consultant鈥檚 seven international regions, leading to a 20% jump in revenue overall to 拢244.3m from 拢204.3m the previous year and a 46% rise in pre-tax profit to 拢23m from 拢15.7m.

Chief executive Vince Clancy told 黑洞社区 the company was looking to push the proportion of its turnover from overseas from 54% to more than 60% in the current financial year.

He added the firm was one of 鈥渇ew companies鈥� around the world with expertise across infrastructure, natural resources and property that could service 鈥渕ega clients and mega projects.鈥�

He said the firm鈥檚 strong results showed 鈥淸our] investment in a global footprint and in diversifying our business has paid off.鈥�

The company鈥檚 Americas business grew strongly by 56%, the accounts showed, supported by the acquisition of New York-based project manager Ferzan Robbins & Associates last October.

Clancy said the firm will continue to look at potential 鈥渂olt-on acquisitions鈥�, particularly in Asia and the USA.

The company鈥檚 UK business also grew over the period by 6%, which Clancy put down to an increase in market share.

The firm is still 鈥渨aiting for the market conditions鈥� to float on the stock exchange, Clancy said, but added he was 鈥渃onfident鈥� the company was robust enough to do so.

Turner & Townsend had planned to float in 2008 but shelved the plan because of turmoil in the financial markets.

鈥淚t鈥檚 been very difficult [to float] but we continue to speak to the market,鈥� Clancy said. 鈥淲e have concentrated on our side of the bargain by building a company that when the market returns can float.鈥�

The company鈥檚 natural resources business performed particularly strongly over the financial year, growing 66%.

Clancy said the firm expected to see further growth in the sector, particularly as oil, gas and mining projects became 鈥渓arger and more complex鈥�.

He said he was 鈥渉appy鈥� with the company鈥� global footprint and predicted the firm would now concentrate on 鈥済rowing more critical mass鈥� rather than opening many new offices.

Turner & Townsend opened new offices in Australia, Canada, Germany, India, Oman, Uganda and the UK last year, taking its total number to 74.

Staff numbers also grew from 2,342 to 2,781 at the end of the financial year, with more than 50% based outside the UK.