Record year for Turner & Townsend as turnover hits £640m

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Turner & Townsend reported their ninth consecutive year of growth, with turnover reaching £640m for the year ending 30 April 2019, rising from £549m the previous year

Overall, the Turner & Townsend net revenue increased by £79m, to £580m, a 16% increase on 2017-18.

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

Drawing on work on complex global projects, Turner & Townsend experienced high demand for a new Programme Advisory business, which is enabling clients to deliver the transformation needed to realise sustainable benefits quicker across the project lifecycle.

Vincent Clancy, chairman and CEO said: The delivery of another year of exceptional financial results is an impressive achievement in the face of some turbulent global markets.

“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.

“Recognising our obligation to not just produce good results but to do so in a responsible way.”

Through Turner & Townsend’s commitment to the UN Sustainable Development Goals, we have continued to focus on making a positive impact on society and promoting social mobility. In the last year, we launched #TT5000futures, an initiative to improve the lives of 5,000 children and young people across the globe through education and employment initiatives, and have already exceeded this target.

Turner & Townsend’s full company results for 2018-2019 are available in their annual review.

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