The firm has said 57% of its order book is from outside Europe
Cyril Sweett’s order book has dramatically shifted away from the UK to its international operations.
In a trading update to the City last Wednesday the QS said 57% of its order book is now from outside Europe.
This marks a major change in the revenue split since last year, when about 60% of revenue came from Europe - the vast majority due to business in the UK - and 40% from outside.
The group said this was in part down to the integration of Widnell, the third largest QS in the Asia Pacific region, which Cyril Sweett bought in July 2010.
“A pleasing aspect of the year has been the significant progress that has been made in growing the group’s international order book, thereby reducing its longer-term exposure to any single market,” it said.