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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Stantec Inc.    STN   CA85472N1096

STANTEC INC.

(STN)
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Delayed Quote. Delayed Toronto Stock Exchange - 08/13 10:01:09 am
43.41 CAD   -0.62%
08/07STANTEC : UK commits to a 50% reduction in greenhouse gas emissions by 2030
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08/06STANTEC : 2Q Earnings Snapshot
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08/05STANTEC : Q2 2020 Earnings Conference Call
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Stantec : Establishing green governance in Ethiopia

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07/01/2020 | 10:06am EDT

To play a role in establishing a new green governance in Ethiopia, the Stantec team in Belgium has recently been awarded a contract by the European Commission to implement a Sector Budget Support operation over the next three years, with a budget of EUR 2.6M. The team will be focusing on four main areas of intervention including Forestry, Industry, national MRV (Measuring - Reporting - Verification) and Sector Public Finance Management.

Ethiopia is a country rich in history and tradition. It is Africa's oldest independent country and is home to the second largest African population. Though this picturesque country may be one of the poorest in Africa, ranking 36 out of 48 according to the UN's Human Development Index, they are also considered the fastest growing economy in the region, averaging a 10.5% increase compared to the regional average of 5.4%. This presents a reality of a country very susceptible to the harmful effects of climate change, but also a huge opportunity to transform and establish Ethiopia's economic structure towards a climate resilient and green economy in order to create a more sustainable tomorrow.

The budget operation that Stantec is managing will be complimented with technical assistance considerations that asks the team to improve the technical and managerial capacity of various stakeholder groups to achieve prescribed performance indicators, such as reducing GHG emissions, preparation of reports and monitoring of deliverables, creation of budgeting programs, strategizing on private sector resource mobilization, and the facilitation of climate related contract agreements between the government and private sector. They will also provide technical support and facilitate the policy dialogue between the EU Delegation and the Ethiopian's Government Institutions. Each of these will centre around topics such as forest preservation and related public policies, land use monitoring through satellite maps, energy efficiency in the industrial sector and development of an energy audit system.

'Our team is excited to begin actioning this great climate-conscious initiative. We already have a history of working with the European Commission in Ethiopia and are sure that that same positive experience will be replicated this time around,' comments Belgium Operations Director Christophe Leroy. 'And what's better is that now we have gotten into the rhythm of work in light of COVID-19, so there are numerous actions we can already begin doing remotely to support this facility before we can get our experts on the ground there to carry forward our work. This is a great opportunity to establish a strong environmentally sustainable foundation for Ethiopia to continue building on, and we are proud of the role we will be able to play in supporting this initiative,' he concludes.

Disclaimer

Stantec Inc. published this content on 01 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 July 2020 14:03:05 UTC

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Financials
Sales 2020 3 748 M 2 836 M 2 836 M
Net income 2020 184 M 139 M 139 M
Net Debt 2020 504 M 381 M 381 M
P/E ratio 2020 27,0x
Yield 2020 1,42%
Capitalization 4 882 M 3 685 M 3 694 M
EV / Sales 2020 1,44x
EV / Sales 2021 1,34x
Nbr of Employees 22 000
Free-Float 99,7%
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Number of Analysts 11
Average target price 47,91 CAD
Last Close Price 43,68 CAD
Spread / Highest target 21,3%
Spread / Average Target 9,68%
Spread / Lowest Target -3,85%
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Managers
NameTitle
Gordon Allan Johnston President, Chief Executive Officer & Director
Douglas K. Ammerman Chairman
Theresa B. Y. Jang Chief Financial Officer & Executive Vice President
Chris McDonald Chief Information Officer & Senior Vice President
Robert J. Gomes Director
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