Arup profit drops nearly a third despite 10% revenue rise

Aaron Morby 2 years ago
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Engineering consultant Arup Group has returned to pre-pandemic revenue growth but saw profitability slide over the year to March 2022.

While group revenues rose 10% over the year to £1.89bn, this failed to translate into bottom-line growth with pre-tax profit down nearly a third to £37m.

The rise in revenue at the group was driven by mainly UK growth, which jumped by 17% to £710m.

Arup Group regional revenue (£m)
2022 2021 Change
UK 710 605 17%
Americas 363 351 3%
Australia 325 291 12%
Asia 301 266 13%
Europe 168 167 0.6%
Middle East/Africa 27 37 -27%
Total 1,894 1,717 10%

The increase in activity saw average monthly headcount rise again after pandemic cuts, up by nearly 600 staff to 15,517.

Despite the fall in profit, global profit share among staff jumped to its highest level at £143m, compared with £98m in the prior year.

The highest paid director’s salary and benefits package rose to £1m, up 25% on the previous year.

 

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