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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 : awarded global Engineering and Consultancy Services framework to support bp Production & Operations globally

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09/21/2020 | 07:46am EDT

MONTREAL, Sept. 21, 2020 /CNW/ - SNC-Lavalin (TSX: SNC) has been awarded a global framework contract to provide engineering consultancy services to bp's Productions and Operations (P&O) business group to assist the Integrated Energy Company in delivering maximum value from its assets. SNC-Lavalin will draw on its global engineering experience, and industry experts in specialist technical consultancy, asset integrity and low carbon solutions to execute the work.

The scope of work covers engineering support across the operational assets for bp. The multi-discipline services will include general engineering and specialist technical development to support bp to sustain maximum safety, efficiency and reliability in its operations, while also reducing carbon emissions.

"During the last 40 years, we have provided bp with project and operational support to maintain their assets to the highest standards of safety and we look forward to continue to build on this relationship," said Craig Muir, President, Resources, SNC-Lavalin. "This framework agreement is in line with our new Resources strategy that focuses on the transformation of our business to a purely Services offering. It also shows the pragmatic steps being taken by the energy industry as major companies transition to reduce carbon emissions and continue to drive the economy."

About SNC-Lavalin
Founded in 1911, SNC-Lavalin is a fully integrated professional services and project management company with offices around the world. SNC-Lavalin connects people, technology and data to help shape and deliver world-leading concepts and projects, while offering comprehensive innovative solutions across the asset lifecycle. Our expertise is wide-ranging — consulting & advisory, intelligent networks & cybersecurity, design & engineering, procurement, project & construction management, operations & maintenance, decommissioning and sustaining capital – and delivered to clients in four strategic sectors: EDPM (engineering, design and project management), Infrastructure, Nuclear and Resources, supported by Capital. People. Drive. Results. www.snclavalin.com

SOURCE SNC-Lavalin

© Canada Newswire, source Canada Newswire English


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Financials
Sales 2020 8 277 M 6 303 M 6 303 M
Net income 2020 -46,0 M -35,0 M -35,0 M
Net Debt 2020 960 M 731 M 731 M
P/E ratio 2020 -35,0x
Yield 2020 0,37%
Capitalization 3 773 M 2 867 M 2 873 M
EV / Sales 2020 0,57x
EV / Sales 2021 0,50x
Nbr of Employees 46 490
Free-Float 100,0%
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Mean consensus BUY
Number of Analysts 14
Average target price 33,57 CAD
Last Close Price 21,49 CAD
Spread / Highest target 95,4%
Spread / Average Target 56,2%
Spread / Lowest Target 16,3%
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Managers
NameTitle
Ian L. Edwards President, Chief Executive Officer & Director
Bill L. Young Chairman
Jeffrey Allan Bell Chief Financial Officer
Steven Leon Newman Independent Director
Jean Raby Independent Director
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