Profit recovery continues at Laing O’Rourke

The development large noticed pre-tax revenue for the 12 months to March 31 2025 hit £41.5m from £14.1m final time with turnover regular at £3.9bn.

On the Europe hub pre-tax income had been £14m from a £21m loss final time as income fell to £2.3bn from £2.5bn.

Employees numbers additionally decreased on the Europe hub to 7,104 from 8,083.

The revenue rise continues a turnaround on the firm after it posted its worst loss ever in 2023 when the agency plunged £288m into the pink when downside jobs blew a gap within the books.

Tighter value controls at the moment are paying off with the corporate additionally having fun with a report order e-book of £11.9bn with a robust begin to the monetary 12 months 2026 together with the signing of the Sizewell C Civil Works Alliance settlement.

Group Chief Govt Officer, Cathal O’Rourke, mentioned: “Our drive to create a extra resilient and productive development business continues.

“We’re main the way in which on trendy strategies of development and digital engineering, enabling us to ship initiatives with better precision and effectivity and bettering  security on website. Our deal with innovation ensures we’re constructing for the long run, not simply at this time.

“That is our second report order e-book in a row which is testomony to our goal, our individuals and the belief our working mannequin has constructed with our purchasers.

“We’ll proceed to advocate for a brand new paradigm for the development business – one that’s safer, sooner and achieves higher outcomes.

“Pushing the boundaries of what’s potential, in service of humanity will proceed to be  Laing O’Rourke’s driving goal and can decide our method to initiatives and our  individuals.”

Group Chief Monetary Officer, Paul Teasdale added: “Now we have delivered sturdy progress and money technology, alongside a strategic deal with  de-risking our portfolio, coupled with a robust efficiency from our Australian enterprise  and a strong response to inflationary pressures within the UK.

“Laing O’Rourke demonstrated monetary resilience throughout a interval of great  worldwide headwinds and disruption.”