News

Financial overview – year ending 31st March 2023

Kate Adlington Global Press Office,London

2 January 2024

The UK financial year ending 31st of March 2023 presented a series of challenges that complicated the firm’s operating environment. These included increasing inflation in many markets, an energy price shock in Europe driven by Russia’s invasion of Ukraine, ongoing supply chain and labour shortages in many geographies, and continued pandemic-related disruption in some regions.

Overall Arup was successful in adapting to this complex business climate during the year ending 31 March 2023. The firm's revenue increased by 14.2% to £2,163.6 million, with profit of 8.4% before allocation of profit share to members.

As the financial year drew to a close, it was clear that many of the challenges the firm faced in the year ending 31 March 2023 remained. There is an expectation of continued challenging market and business conditions throughout the current year.

Working closely with clients to support them in navigating complexity and uncertainty remains a priority, alongside the firm's strategic focus to contribute meaningfully to sustainable development.

Publications