Macro FM witnesses 8% annual growth in 2016
Macro's parent company Mace registers 14% increase marking its 26th year of consecutive revenue growth and profitability
Facilities Management (FM) service provider Macro’s parent company, Mace published its 2016 annual report in June.
The report revealed a 14% increase in turnover to $2.57bn (£1.97bn) – well ahead of its 2020 growth target – and with international turnover rocketing to $673.42m (£517m).
Over the last four years Mace has seen exceptional growth, created nearly 2,000 new jobs and doubled its turnover, the company said in a statement.
Last year also marked its 26th year of consecutive revenue growth and profitability, and saw a substantial expansion of its international turnover by 148% to $673.42m (£517m).
Macro, the facilities management arm, reported an 8% increase in profits from contracts and entered nine new countries in 2016, including Bahrain, Costa Rica, Czech Republic, Japan, Jersey, Jordan, Oman, Pakistan and Turkey.
Headcount in the business grew by 6% to 766 staff.
Macro also made key additions to its client list winning international contracts most notably with Standard Chartered Bank, providing integrated facilities management, workplace services and project management across four continents, managing a 4.2 million ft2 portfolio.
Macro managing director Ross Abbate, said: “Macro continues to be a market-leading facilities management company, delivering globally for a number of prominent, international brands.
“Marco has a healthy pipeline and we predict considerable growth in the next year,” Abbate said.
Mace chief executive Mark Reynolds said: “2016 saw Mace maintain its impressive 26 year record of revenue growth and profitability. We are becoming a major international exporter of UK construction and consultancy services, making real contribution to export revenues.
“Although two challenging projects – out of the more than 1,000 we worked on last year – impacted on our profits for the year, the business continues to grow sustainably and successfully deliver some of the world’s most complex and iconic projects and programmes for our clients,” Reynolds said.