Ricardo plc - Company Profile
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Business Description
Ricardo plc (Ricardo) is a provider of engineering, strategic and environmental consultancy services. The group offers products and services to commercial vehicle, rail, defense, motorsport, motorcycle, off-highway, marine, clean energy and power generation and government sectors. Its key clients include major transportation original equipment manufacturers, supply chain organizations, energy companies, financial institutions and government agencies. The company operates through five reportable business segment: Energy & Environment (EE), Rail, Automotive and Industrial (A&I), Defense, and Performance Products. It also operates through other segment. It serves automotive, aerospace, defence, rail, motorsport, marine and other markets. The group operates in the North America, Europe and Asia. In FY2023, the company incurred a capital expenditure of GBP10.6 million which declined 24.8% YoY.
R&D Overview
Ricardo invests in new technology to develop energy-efficient products. The company plans on new innovation and encourages its staff to come up with innovative in the areas of air quality, water quality, carbon inventory accounting, and other services. The company spent GBP14.6 million in FY2023 for its R&D, which as a percentage of total revenue accounted for 3.3%.
Business Segments
- Automotive and Industrial – Emerging
- Automotive and Industrial – Established
- Defense
- Energy & Environment
- Performance Products
- Rail
Overview
Operates in emerging mobility provides design, engineering, development and testing services which is focused on electrification, hybrid and electric systems, engines, testing, driveline and transmissions. Provides services to the aerospace, defense, automotive, energy, off-highway, and commercial, motorcycle and light personal transport, marine and rail markets. Aims to focus on the growing sector of alternative fuels and clean aviation and also deliver innovative environmentally sustainable technology.
Performance
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Overview
Operates in established mobility market and provides engineering, strategic consulting, and design, development and testing services. The segment’s customers include businesses operating in automotive, aerospace, defense, energy, off-highway and commercial, marine, motorcycle and light personal transport, and rail markets.
Performance
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Overview
Provides software, engineering services and products to customer in the US defence market, maintenance and support of complex systems, aimed and protecting life and improving the operation. Focus on delivering services, software and products that reduce defence program costs and protect life.
Performance
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Overview
Provides environmental consultancy services to customers all over the world. Provides services to public agencies, governments, and private businesses . Aims to focus on clients to provide public agencies, governments, and businesses with industry-leading analysis and solve complex environmental challenges.
Performance
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Overview
Manufactures and assembles prototypes and complex products, niche high-quality components, transmissions and other precision, engines and performance-critical products. Provides products in automotive, aerospace, motorsport, defence and rail markets. Aims to support programmes that include manufacture and development of transmissions for use in electric vehicles.
Performance
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Overview
Operates through consultancy unit and Ricardo certification. Consultancy unit provides engineering services and technical advisory services. Ricardo certification provides accredited assurance services. Provides services to infrastructure managers, regulatory bodies, rail operators, and industry suppliers. Focus on securing projects that deliver solutions and electrification that decarbonize railways such as battery electric and hybridization trains.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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