HYDER Consulting, the engineering and design firm that counts Crossrail and the Burj Khalifa skyscraper among its projects, yesterday posted an eight per cent rise in revenues and a growing order book.
The firm, which is also working on the Bank station upgrade, said its pipeline of work in the UK was strong, despite the looming public sector spending review.
“We feel we are well-placed with the companies and sectors that are spending money,” chief executive Ivor Catto told City A.M. “We are in the programmes where capital is being placed.”
Yesterday Hyder revealed its joint venture with Jackson had won flood defence work with the Environment Agency. And while investment in UK roads has been sluggish, Catto said the firm has won some work with the Highways Agency and hopes to secure further contracts.
In the year to the end of March, the FTSE-listed group increased its order book by 14 per cent to £413m, while revenues were up eight per cent at £298m and adjusted pre-tax profits rose 10 per cent to £23.8m.