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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 three-year Master Services Agreement by Avangrid Service Company

11/20/2020 | 10:06am EST

MONTREAL - SNC-Lavalin (TSX: SNC) has been awarded a three-year Master Services Agreement (MSA) with Avangrid Service Company to provide owner engineering services for the electric capital projects developed and realized by Avangrid'sU.S. electric companies.

Under the agreement, valued at $15 million USD over three years, SNC-Lavalin will provide Avangrid with engineering resources for disciplines that include electrical, protection and control, civil as well as transmission lines. This contract is within SNCL Engineering Services, the cornerstone of our strategy moving forward to greater growth and profitability.

As the owner's engineer, SNC-Lavalin's work is to protect Avangrid's interests during the review of and interactions with other contractors. Additionally, SNC-Lavalin will perform the conceptual design and assist the client during the construction phase.

'We are pleased to be awarded this engineering services MSA and we are committed to Avangrid's success and to their 3.5 million customers,' said Dale Clarke, President, Infrastructure Services, SNC-Lavalin. 'We've had a partnership with Avangrid for almost ten years, which enables us to be fully aligned with their objectives and expectations.'

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.

Contact:

Daniela Pizzuto

Tel: 514-393-8000

Email: media@snclavalin.com

(C) 2020 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
AVANGRID, INC. -0.28% 46.84 Delayed Quote.3.34%
IBERDROLA, S.A. -0.60% 11.615 Delayed Quote.-0.13%
SNC-LAVALIN GROUP INC. -2.47% 22.11 Delayed Quote.4.33%
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Financials
Sales 2020 8 273 M 6 512 M 6 512 M
Net income 2020 -239 M -188 M -188 M
Net Debt 2020 1 151 M 906 M 906 M
P/E ratio 2020 -17,8x
Yield 2020 0,35%
Capitalization 3 980 M 3 132 M 3 133 M
EV / Sales 2020 0,62x
EV / Sales 2021 0,55x
Nbr of Employees 46 490
Free-Float 100,0%
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Technical analysis trends SNC-LAVALIN GROUP INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 14
Average target price 32,43 CAD
Last Close Price 22,67 CAD
Spread / Highest target 80,9%
Spread / Average Target 43,0%
Spread / Lowest Target 5,87%
EPS Revisions
Managers and Directors
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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