Multiplex profit drops a third as revenue rises to £780m

Multiplex Europe’s construction business reported pre-tax profits down by just over a third last year to £20m from revenue up 16% to £780m.
Operating margin at the business also slipped back in 2024 to 3.5% from last year’s high of 5.5%.
Multiplex Construction Europe managing director Callum Tuckett said the fall in profit reflected phasing of major project completions and start dates with significant projects nearing completion in 2023 and secured projects starting last