Professional services and engineering consultancy Arup saw its turnover pass the £1 billion mark for the first time as the firm released its results for the financial year ending 31 March 2013.
Overall, Arup’s global income came in at £1.03 billion for the year, an increase of 3.9% on the previous 12 months. Operating profit for the period was positive at £23.7 million. The firm said that despite an extremely competitive global operating environment this had once again demonstrated the resilience of the group.
Philip Dilley, Arup Group Chairman commented:
“I am delighted to be able to say that for the first time in its history Arup is a £1 billion firm. It is a significant milestone that comes with winning and delivering great projects such as Kunming Airport in China, the Fehmarnbelt Fixed Link between Germany and Denmark and the Second Avenue Subway in New York. While we are happy to have broken £1 billion, turnover is not a goal the firm strives to meet. We remain focused on the true metrics of success; employing fantastic people and delivering top quality projects for our clients and partners.”
The Chairman also pointed out that the Group’s unique employee ownership model and long-term strategy of diversifying across market sectors and geographies continued to show returns, helping to counteract economic difficulties in certain regions. At the same time, cashflow remained sound; the firm’s future order book is robust; and Arup is employing more people to meet global opportunities.
During the year Arup has seen continued growth in Asia with many strategic wins in China and Hong Kong where the firm continues to lead the market and said it had also seen "something of a resurgence" in the UK.
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