Mott MacDonald’s global revenue in 2024 soars to record $3.3bn
LONDON, 1 days ago
Mott MacDonald, a leading engineering, development and management consultancy, has reported another year of growth with its revenue for 2024 surging to hit £2.5 billion ($3.3 billion) across its global regions for the first time.
Announcing the solid results, Mott MacDonald said the performance highlights the resilience of the business in the face of economic and political uncertainties in key geographies in Europe, North America, Asia, Australia and New Zealand, and the Middle East. Organic revenue growth of 7.6% was indicative of a strong performance.
Its 2024 figure was up 6.1% over the previous year with a pre-tax profit of £123.3 million, it stated.
Mott MacDonald experienced growth in its UK consultancy business, with key appointments to support national grid in the design of two high-voltage links to increase renewable energy connectivity and continuing its work with Holtec Britain and Hyundai Engineering & Construction to explore the delivery of small modular reactor technology.
Alongside its UK contracting business there was also good growth and opportunity in the water sector around AMP8, it stated.
In the region, Mott MacDonald was appointed as city infrastructure engineer in Saudi Arabia for the first phase of THE LINE, which forms part of NEOM, the region taking shape in the northwest of the Kingdom.
In North America, Mott MacDonald built on successes in transit, tunnels and underground infrastructure and energy, where it was appointed to provide programme and project management services for the Santa Clara Valley Transportation Authority.
Work is ongoing in storm flood relief as it continues to support the upgrade of Philadelphia’s historic sewer system.
In Australia and New Zealand, Mott MacDonald said it had strengthened its offering with the acquisition of specialist consultancies Merz and Neo Engineering respectively.
It was also selected by Queensland Hydro to provide engineering services for the upper and lower dams at the proposed energy hydro storage system at Lake Borumba.
James Harris, the executive chair of Mott MacDonald, said: "The last 12 months mark another year of good performance for the business, as our revenues reached £2.5 billion for the first time."
"Though economic and political uncertainties persist across many of our regions, our recently enhanced employee ownership model and our long-term strategy ensure we are well positioned to continue growing, and to keep on delivering the right impact for our clients and the communities they serve," he added.-TradeArabia News Service
