The employee-owned company passed the landmark revenue threshold for the financial year ending 31 March 2013.
Overall, Arup’s global income came in at £1.03bn for the year, an increase of 3.9% on the previous 12 months. Operating profit for the period was £23.7m.
“I am delighted to be able to say that for the first time in its history Arup is a £1 billion firm,” said chairman Philip Dilley. “It is a significant milestone that comes with winning and delivering great projects such as Kunming Airport in China, the Fehmarnbelt Fixed Link between Germany and Denmark and the Second Avenue Subway in New York. “
He continued: “While we are happy to have broken £1 billion, turnover is not a goal the firm strives to meet. We remain focused on the true metrics of success; employing fantastic people and delivering top quality projects for our clients and partners.”
Mr Dilley said that the company’s cashflow remained sound and order book robust.
Ove Arup & Partners was set up in London in 1946 by Danish engineer Ove Arup. It now has more than 90 offices worldwide and more than 11,000 employees.