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Mott MacDonald reports strong performance with £2.37bn global revenue
Mott MacDonald has reported strong performance across its global regions in its annual results for the 2022-2023 financial year. The global engineering, development and management consultancy announced a gross revenue of £2.37bn, up 15.8% on 2022, with a pre-tax profit of £112.9M. The company also increased its headcount by 10% to almost 20,000 people.
The figures demonstrate the successful acceleration of growth in key market segments, such as transport, energy, water and buildings, where Mott MacDonald’s technical expertise and local strength align with planned investments.
Growth has also been driven by the company’s involvement in a number of major projects in its key global regions, with its North American and UK businesses making a significant contribution to the financial performance.
In the UK Mott MacDonald is playing a substantial role in developing technologies that will be key to energy transformation, including supporting opportunities around large-scale nuclear projects and small modular reactors (SMRs). The business is also working on the transformation of healthcare delivery in England as the interim delivery partner for the New Hospital Programme (NHP).
The business has also advanced its capabilities in both transit and underground infrastructure across North America. This includes the successful completion of the Long Island Rail Road’s East Side Access project, alleviating congestion and offering easier access to Manhattan, and the Los Angeles Regional Connector in 2023, providing an alternative transportation option to LA’s congested roadways.
In Asia it is playing a key role on major transport schemes such as Singapore’s Changi Airport Terminal 5 – the world’s largest aviation project, as well as the delivery of six new pumped hydropower storage projects in Australia.
Mott MacDonald continues to work on some of the most ambitious projects in the Middle East, and further established its presence in the region by opening a new office in Riyadh, Saudi Arabia.
James Harris, chair and chief executive of Mott MacDonald, said: “We are a successful, resilient and purpose-driven business, and we are well positioned across our core markets for 2024 and beyond. Our ability to take a long-term view is a significant benefit to our employee-ownership model and an important part of who we are, enabling us to continue investing in areas like digital and innovation. That means our brilliant people can continue to reach new levels of excellence as we tackle complex challenges for our clients and make a real impact in the communities they serve.”
Read the full Annual Report.
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