World renowned global strategic engineering and environmental consultancy, Ricardo (whose headquarters are based in Shoreham by Sea) have recently published their yearly revenues – which saw revenue up by 6%.
In the year to 30th June 2017, revenue had increased to £352.1m (a 6% increase from £332.4m, for 2015/2016), order intake is strong at £366m (up £5m from £361m in the previous financial year) and the group also had a record order book of £248m, up from £231m in 2016.
During this period, the group’s Performance Products business delivered their 10,000th engine to McLaren and were selected to design and produce an advanced hypercar transmission for Aston Martin.
Commenting on the results, Dave Shemmans, Chief Executive Officer said:
“I am pleased to report another solid year of progress for Ricardo. Based on the foundation of a diversified strategy and an increasingly balanced business, we have navigated an uncertain and volatile year, providing a satisfactory result overall.
“We enter the new financial year with a well balanced business and welcome the in-year acquisition of Exnovo and the recent Control Point Corporation acquisition post year-end. We continue to address and adjust to the changes in our individual markets to ensure we both mitigate risk and capitalise on the significant global opportunities which lie ahead. These opportunities, together with our progress, our people and our technology, in addition to our record order book, provide a good platform for further growth in the years to come.”