Arup revenue tops £2bn for first time

The 14% progress in revenue used to be pushed mainly by the vitality and water sector which translated to a pre-tax profit of spherical £39m, 6% up on 2022, nonetheless greatly down on the five-twelve months sensible.

Arup warned it had seen a slowdown within the fee of adjusting new opportunities to reduced in measurement mission work, and extending delays in amassing cash from clients, reflective of the tighter business ambiance.

This saw twelve months-discontinue procure cash tumble wait on £72m to 235m.

Which ability that, Arup slowed headcount progress to preserve charges in line with revenue with team of workers numbers now most spicy underneath 19,000, when put next to spherical 14,000 five years ago.

Chairman Alan Belfield said: “Beyond our high-line performance, our vitality and water companies both delivered precise progress, allowing us to continue to scale and expand the work we undertake for many of our clients right this moment engaged with the climate crisis.

“Our vitality revenue grew 22% all over the twelve months, while our water change grew by 11%.

“Both companies are firmly pondering the longer term, working with clients to bustle up the enviornment shapely vitality transition and, within the case of water, strengthening the long-term strategic planning of of the water change and supporting the resilience of the communities it serves.”