Hyder makes 5.4% on turnover

The latest figures give Hyder a profit margin on 5.4%, down slightly on the previous year. However Hyder says it is making progress towards a goal of a 10% margin.

Hyder Consulting has reported a 15% rise in turnover to £230m while the group’s forward orderbook is up by almost a third at £310m.

During the past year Hyder made six acquisitions at a total cost of £31m.

Net debt rose by £3m, as a result of the spend on acquisitions and the increase in need for working capital, to stand at £11m.

The biggest increase in the orderbook was from international markets “especially the buoyant Middle East region”.

SOURCE: Contract Journal

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