Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Canada
  4. Toronto Stock Exchange
  5. SNC-Lavalin Group Inc.
  6. News
  7. Summary
    SNC   CA78460T1057

SNC-LAVALIN GROUP INC.

(SNC)
  Report
Delayed Toronto Stock Exchange  -  10:23 2022-12-05 am EST
24.03 CAD   -1.88%
11/23SNC-Lavalin Partnership to Support Indigenous Socio-Economic Development in Canada
AQ
11/23SNC-Lavalin Says Awarded US$62 Million Contract to Relocate and Equip U.S. Military Hospital
MT
11/23SNC-Lavalin Brief: Says Awarded US$62 Million Contract to relocate and equip U.S. military hospital
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

SNC Lavalin : Canada's SNC-Lavalin looks at more cost cuts

11/05/2015 | 08:36pm EST
A pedestrian walks past the SNC-Lavalin Group Inc., headquarters in Montreal

(Reuters) - SNC-Lavalin Group Inc's new CEO said on Thursday the engineering and construction company is examining ways to cut costs to help meet 2017 margin targets, even as it reported third-quarter earnings per share that beat analysts' expectations.

In October, chief executive Neil Bruce succeeded Robert Card, an outsider brought in after the Montreal firm faced allegations of corruption against former executives.

Bruce said on a conference call the company would invest C$50 million on a sweeping cost-cutting program that would use strategies like consolidating office space and evaluating how much staff SNC needs to execute its work.

Bruce did not explicitly announce layoffs.

"It's more of an efficiency program," Bruce told analysts.

"If we become far more efficient and we win more work then we will provide more opportunities for our talented individuals to go with us," he said.

SNC-Lavalin said its 2015 profit would be at the lower end of its previously announced range of C$1.30-C$1.60 per share.

Revenue rose 21 percent to C$2.43 billion ($1.84 billion) in the third quarter ended Sept. 30, helped by the acquisition of British resource-sector engineering group Kentz Corp last year.

Analysts on average had estimated revenue of C$2.39 billion.

Net income attributable to shareholders rose nearly fourfold to C$224.2 million in the quarter, mainly helped by a net gain of C$145.7 million from the sale of its stake in the Ambatovy Nickel project in Madagascar in September.

On an adjusted basis, earnings were 78 Canadian cents per share, above the average analyst estimate of 50 Canadian cents, according to Thomson Reuters I/B/E/S.

(Reporting by Allison Lampert in Montreal and Sneha Banerjee in Bengaluru; Editing by Sriraj Kalluvila and Phil Berlowitz)


ę Reuters 2015
Stocks mentioned in the article
ChangeLast1st jan.
SNC-LAVALIN GROUP INC. -1.84% 24.03 Delayed Quote.-20.77%
All news about SNC-LAVALIN GROUP INC.
11/23SNC-Lavalin Partnership to Support Indigenous Socio-Economic Development in Canada
AQ
11/23SNC-Lavalin Says Awarded US$62 Million Contract to Relocate and Equip U.S. Military Hos..
MT
11/23SNC-Lavalin Brief: Says Awarded US$62 Million Contract to relocate and..
MT
11/23SNC-Lavalin awarded $62M US contract to relocate and equip U.S. military hospital
AQ
11/23SNC-Lavalin Receives $62 Million US Contract to Relocate and Equip U.S. Military Hospit..
CI
11/22SNC-Lavalin announces private offering of $300 million of unsecured debentures
AQ
11/22SNC-Lavalin Announces Private Offering of $300 Million of Unsecured Debentures
CI
11/22SNC-Lavalin Details Partnership to Support Indigenous Socio-Economic Development in Can..
MT
11/22SNC-Lavalin - Andree-Claude Berube appointed Executive Vice-President and General Couns..
AQ
11/22SNC-Lavalin's Maria de Lourdes Bahia among 100 Global Inspirational Women in Mining
AQ
More news
Analyst Recommendations on SNC-LAVALIN GROUP INC.
More recommendations
Financials
Sales 2022 7 594 M 5 639 M 5 639 M
Net income 2022 96,2 M 71,4 M 71,4 M
Net Debt 2022 1 824 M 1 354 M 1 354 M
P/E ratio 2022 36,7x
Yield 2022 0,33%
Capitalization 4 299 M 3 192 M 3 192 M
EV / Sales 2022 0,81x
EV / Sales 2023 0,77x
Nbr of Employees 30 989
Free-Float 99,9%
Chart SNC-LAVALIN GROUP INC.
Duration : Period :
SNC-Lavalin Group Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SNC-LAVALIN GROUP INC.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 13
Last Close Price 24,49 CAD
Average target price 35,38 CAD
Spread / Average Target 44,5%
EPS Revisions
Managers and Directors
Ian L. Edwards President, Chief Executive Officer & Director
Jeffrey Allan Bell Chief Financial Officer & Executive Vice President
Bill L. Young Chairman
Steven Leon Newman Independent Director
Isabelle Courville Independent Director
Sector and Competitors
1st jan.Capi. (M$)
SNC-LAVALIN GROUP INC.-20.77%3 192
VINCI5.75%58 085
LARSEN & TOUBRO LIMITED10.00%35 968
CHINA STATE CONSTRUCTION ENGINEERING CORPORATION LIMITED13.60%33 932
QUANTA SERVICES33.50%21 874
FERROVIAL, S.A.-5.37%20 088