11th Apr 2022 10:06
John Wood Group PLC - Aberdeen-based provider of project, engineering and technical services - Plans to publish its annual results on April 20 after a delay to finalise its reported results and to conclude the year-end audit process. Adds that the delay also allowed for an external investigation and review of the historical carrying value of its Aegis Poland project contract to be undertaken.
Notes that its underlying full-year results remain in line with previous guidance. It guided for revenue for the year ended December 31 of around USD6.4 billion and adjusted earnings before interest, tax, depreciation and amortisation between USD550 million and USD560 million.
In 2020, the firm generated revenue of USD7.56 billion and adjusted Ebitda of USD630 million.
Current stock price: 176.40 pence, up 14% on Monday after Jefferies raises rating to 'hold' from 'underperform'
12-month change: down 35%
By Abby Amoakuh; [email protected]
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