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Orion Group, one of Scotland’s largest staffing providers, is expecting a sharp increase in 2012 revenue following major contract wins earlier this year. The company, which specialises in oil & gas jobs, provides temporary workers to the engineering industry and is seeing strong growth in the sector.
The company reported that revenue last year jumped +25% from £246.3 million to £308 million while profits were up +62% to £9.14 million.
“Performance for 2011 shows that the business has continued to go from strength to strength and we anticipate another healthy financial year in 2012,” said Alan Savage, chairman of Orion Group.
This is due to major contract wins fuelling growth, the company said.
In January 2012, Orion secured two multi-million pound deals of a value of £20million per year with the Canadian-based energy company Nexen Petroleum UK. And in May 2012, the firm was awarded a four-year enterprise framework agreement by Shell to provide technical manpower across engineering disciplines for Shell’s business units and projects.
“Already we have experienced steady growth across all of our regions worldwide after securing a number of major contracts.
“New business wins have included Nexen Petroleum UK and Shell, both of which will help us towards achieving our turnover targets for next year of £360 million,” said Mr Savage.
Orion is based in Inverness and, with a 25-year history, now operates in 33 countries. The firm is the 63rdlargest staffing company in the world, according to research by Staffing Industry Analysts. More than half of its business is derived internationally from countries with a ripe oil and gas market such as Canada, Oman, Papua New Guinea and the US.