Aecom revenue more than doubles to 拢11.9bn in first set of full-year results following URS mega-merger

Aecom has posted a 拢100m pre-tax loss in its first set of full-year results following its 拢2.3bn mega-merger with URS.

The US-based construction giant posted a $151.5m pre-tax loss (拢100m) for the year to September 2015, compared to a $229.9m (拢151.8m) pre-tax profit the previous year.

The firm posted an operating profit - which strips out financial costs - of $129m (拢85m), down 63% from $353m (拢233m).

The URS transaction - which closed in the first month of Aecom鈥檚 financial year, in October 2014 - fuelled a 115% jump in revenue to $18bn (拢11.9bn), up from $8.4bn (拢5.5bn).

Aecom鈥檚 design and consulting services business - which incorporates the lion鈥檚 share of the firm鈥檚 consultancy-dominated UK business - posted a 16% decrease in operating profit to $305.9m (拢202m), down from $365.9m (拢241.6m). The division鈥檚 revenue increased 47% to $8bn (拢5.3bn), up from $5.4bn (拢3.6bn).

Aecom did not share any financial numbers specifically for its UK or European businesses.

Aecom鈥檚 chairman and chief executive Michael Burke described the financial year as 鈥渞emarkable鈥� one for the firm after completing 鈥渢he largest combination in our industry鈥檚 history鈥�.

He added: 鈥淒espite the attention to integration and uneven global economic trends, our results and outlook reflect the benefits of our diversification.鈥�

Aecom increased its annual 鈥渟ynergy savings target鈥� for savings generated from the URS merger to $325m (拢214m), up from $275m (拢181m).

The firm expects to incur around $200m (拢132m) of acquisition and integration expenses in this financial year.

Aecom鈥檚 overall wins for 2015 totalled $18.7bn (拢12.3bn). Aecom鈥檚 construction services division built One World Trade Center (pictured).

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