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Bechtel's 2015 results show UK turnover up 9% as operating profit falls by 11%

US engineering giant Bechtel has posted a 9 per cent increase in turnover from UK operations, while operating profit for the wider UK business fell 11 per cent.

Turnover from UK operations stood at £147.2m for the year to 31 December 2015, up from £135.2m a year earlier.

Bechtel’s UK operations form the largest part of its UK business, which also involves operations in the Middle East and Europe.

The UK business provides design, engineering, procurement, construction and construction management services, both to clients and to other Bechtel group companies worldwide.

At £147.2m, UK operations accounted for 59 per cent of Bechtel’s total UK business turnover of £248.9m, which was up 18.6 per cent compared with £209.8m in 2014.

Middle East operations made up 19 per cent of UK business turnover at £69.5m (2014: £46.7m), while Europe operations accounted for 8 per cent at £19.2m (2014: £10.7m).

Operating profit for the total UK business declined to £16.6m, from £18.7m in its previous results.

Bechtel has been invited to tender for Lot C3 of HS2’s civil engineering works package, covering Brackley to Long Itchington Wood Green tunnel, south portal – which could potentially be worth as much as £900m.

The company has reached an agreement with nuclear technology specialist BWX Technologies to develop Britain’s first commercially viable small modular reactor.

And it is also tipped to work alongside Japanese-based JGC Corporation on engineering, procurement and construction contractor role on Hitachi’s £8bn Wylfa nuclear plant

Last year, the global company posted a turnover of $37.2bn (£25.3bn), and earlier this month it announced that 35-year-old president and chief operating officer Brendan Bechtel would take over as group CEO.

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