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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Snc-Lavalin Group Inc    SNC   CA78460T1057

SNC-LAVALIN GROUP INC

(SNC)
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SNC Lavalin : and its partners awarded contract for managing the construction of the City-Side Development Program at Aeroports de Montreal

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05/16/2019 | 10:45am EDT

SNC-Lavalin (TSX: SNC) is pleased to announce that the PSK Construction joint venture, composed of SNC-Lavalin, Pomerleau and Construction Kiewit Cie has signed a contractual agreement for the City-Side Development Program of the Aeroports de Montreal (ADM).

As announced today by ADM, PSK Construction will act as program manager/ construction manager (PM/CM) for the City Side Expansion project which includes several construction sites at YUL Montreal-Trudeau International Airport over the next five years. This project will improve traffic flow and will facilitate transit at the airport site.

PSK Construction will be responsible for directing and supervising on-site works. As construction manager, PSK Construction will also be responsible for ensuring that airport access and operations remain well-planned and coordinated throughout the duration of the project.

'Like major international airports, YUL Montreal-Trudeau Airport will benefit from frequent and reliable access at all times; REM and the new access network will ease transit,' said Jonathan Wilkinson, President, Infrastructure, SNC-Lavalin. 'We are proud to bring our airport infrastructure expertise and experience to a project of this quality. We look forward to working collaboratively and in synergy with our partners in PSK Construction, to develop innovative solutions to enhance the customer experience and prepare the airport for the future.'

About SNC-Lavalin

Founded in 1911, SNC-Lavalin is a global fully integrated professional services and project management company and a major player in the ownership of infrastructure. From offices around the world, SNC-Lavalin's employees think beyond engineering. Our teams provide comprehensive end-to-end project solutions - including capital investment, consulting, design, engineering, construction management, sustaining capital and operations and maintenance - to clients across the EDPM (engineering, design and project management), Infrastructure, Nuclear, Clean Power, and Resources businesses.

Contact:

Daniela Pizzuto

Tel: 514-393-8000

Email: media@snclavalin.com

(C) 2019 Electronic News Publishing, source ENP Newswire

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Financials (CAD)
Sales 2019 9 777 M
EBIT 2019 709 M
Net income 2019 781 M
Debt 2019 1 825 M
Yield 2019 1,67%
P/E ratio 2019 11,42
P/E ratio 2020 10,43
EV / Sales 2019 0,62x
EV / Sales 2020 0,56x
Capitalization 4 210 M
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Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 40,3  CAD
Spread / Average Target 68%
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Managers
NameTitle
Neil Alexander Bruce President, Chief Executive Officer & Director
Kevin G. Lynch Chairman
Ian Edwards Chief Operating Officer
Sylvain Girard Chief Financial Officer & Executive Vice President
Eric D. Siegel Independent Director
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