Employee-owned consulting engineer Mott MacDonald has approximately 20,000 staff across more than 50 countries. In 2024 it generated gross revenue of 拢2,518m. This was up 6% on 2023鈥檚 拢2,374m, but 2023 was up 16% on 2022鈥檚 拢2049m.
Operating profit of 拢100.7m was 9.5% up on 2023, with the operating margin at 4.0% (2023: 3.9%).
Pre-tax profit was up 9% at 拢123.3m (2023: 拢112.9m)
Executive chair James Harris explained in the annual report that the increase in revenue was partly down to inflation and partly market driven.
He said: 鈥淒uring the year the rate of growth in the consultancy business slowed due to weaker infrastructure markets with some projects being deferred or cancelled, and markets generally slowing down. The executive board remains comfortable with the level of growth and profitability in the consultancy business against the backdrop of the economic headwinds that appear to be developing more widely across its markets.
鈥淭he contracting business [Mott MacDonald Bentley JV] is a UK business, principally operating in the water sector, which grew 31% in the year benefitting from excellent markets in the UK鈥檚 regulated asset maintenance programmes (AMP) for water companies. There was good growth and good opportunity from AMP7 coming to an end and from AMP8 offering early opportunity in the next trading cycle which will gradually pick up over the next 12 months.鈥�
The 2024 revenue from consulting activities was 78% of overall revenue with 22% from contracting, compared to an 82/18 ratio in 2023.
Mott MacDonald Bentley increased its revenue by more than 40% last year to 拢503.5m. Mott MacDonald owns 25% of it and JN Bentley Ltd has 75%.
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