Engineering group鈥檚 Canada and Asia Pacific division prove to be 鈥渆ngine for strong growth鈥 as UK trading remains 鈥渟luggish鈥
Mott MacDonald posted solid growth in revenue and profit last year, as strong performances in the firm鈥檚 Canada and Asia Pacific businesses made up for 鈥渟luggish鈥 trading in the UK.
According to latest set of accounts posted at Companies House, the employee-owned engineering group posted a 10% growth in revenue to 拢1.2bn for the year to 31 December 2013, up from 拢1.1bn the previous year, while pre-tax profit rose 7% to 拢60.3m, up from 拢56.2m.
The firm said its Canada and Asia Pacific divisions proved to be an 鈥渆ngine for strong growth in the business鈥, making up for 鈥渟luggish鈥 trading conditions in the UK, Europe and the United States.
The firm said Mott MacDonald鈥檚 UK division grew and 鈥渃ontinued to benefit from the government鈥檚 recognition of infrastructure as an engine of growth鈥.
The business does not provide a divisional or regional breakdown in its accounts.
Mott MacDonald chairman Keith Howells (pictured) noted the firm 鈥渋mproved penetration into two potentially significant growth markets, Brazil and South Africa鈥 over the period, with the acquisitions of 600-strong South African consultant PD Naidoo & Associates and 80-strong Brazilian consultant Habtec, both last April.
Howells said: 鈥淔ollowing integration, we expect to see strong organic growth in both locations鈥.
In a statement accompanying its accounts Mott MacDonald said profitability improved 鈥渁cross all regions鈥 and Howells said: 鈥淚n many parts of the world we are seeing signs of recovery鈥.
Howells said the Middle East showed 鈥済ood early signs of recovery鈥, while New Zealand 鈥渉ad provided new opportunities for growth鈥.
However he added the firm was impacted by 鈥渟ignificant deterioration鈥 in the Indian and Brazilian economies and a 鈥渕arked slowdown鈥 in the Australian economy.
Mott MacDonald increased its headcount by 706 staff over the year, taking it to 14,051 staff.
At the close of 2013 the firm鈥檚 order book stood at 拢1.4bn.
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