Multiplex profit almost trebles as margin hits 5.5%

Multiplex Europe’s construction business delivered a bumper 2023 with pre-tax profit almost trebled to £31m as several complex London schemes reached practical completion.
Turnover jumped 20%  to £675m with selective tendering helping the contractor to raise operating margin to 5.5% from 2.8% in the prior year.
Multiplex Construction Europe managing director Callum Tuckett said the firm was sitting on a strong order book putting Multiplex in a strong position for 2024.
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