Foster + Partners building up its order book after a tough year

Marion Dakers
ARCHITECTURE group Foster + Partners has said business is picking up after a tough year in which earnings fell by almost a fifth.

Norman Foster’s practice is hiring staff worldwide as it anticipates “record levels of new work” in the coming year, with an order book now totalling £270m.

Foster + Partners is currently working on more than 50 projects including Bloomberg’s offices in London and Apple’s new US campus.

But a shortage of work at the start of the year to April 2013 sent revenues down five per cent to £153m, and the firm’s accounts showed earnings of £37m, down from £46m.

“We have improved our trading position and will be increasing staff numbers over the next year. Looking ahead, we are in an excellent position to take full advantage of the upswing in the economy,” Lord Foster said in a statement.