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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 : reselected for $35M USD construction, engineering and inspection services contract by Georgia Department of Transportation

10/29/2020 | 10:04am EST

MONTREAL - SNC-Lavalin (TSX: SNC) has been awarded another three-year, up to $35 million USD Indefinite Delivery Indefinite Quantity contract to continue providing construction engineering and inspection (CEI) services for the Georgia Department of Transportation (GDOT), District 6, which encompasses 17 counties in northwest Georgia.

The contract will be delivered by SNC-Lavalin's Engineering, Design and Project Management business, and is within SNCL Engineering Services, the cornerstone of our strategy moving forward to greater growth and profitability.

'We've been suppporting GDOT for over 15 years, helping to deliver its strategic priorities and steadfast commitment to providing the citizens of Georgia with safe roads, highways and associated infrastructure,' said Philip Hoare, President of Atkins, Engineering, Design and Project Management, SNC-Lavalin. 'This contract renewal allows us to continue and build upon the first-class work already delivered for one of our key clients in North America.'

The new contract includes CEI services for construction projects ranging from widening and reconstruction, rehabilitation of asphalt and concrete pavement, bridge replacement and resurfacing. Notable work includes the award-winning Courtland Street Bridge replacement and the Northwest Corridor Managed Lanes projects.

In August, SNC-Lavalin was appointed as prime consultant to support the ongoing development of GDOT's Statewide Traffic Incident Management Services.

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

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Financials
Sales 2020 8 272 M 6 467 M 6 467 M
Net income 2020 -239 M -187 M -187 M
Net Debt 2020 1 151 M 900 M 900 M
P/E ratio 2020 -18,6x
Yield 2020 0,34%
Capitalization 4 157 M 3 247 M 3 250 M
EV / Sales 2020 0,64x
EV / Sales 2021 0,57x
Nbr of Employees 46 490
Free-Float 100,0%
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Mean consensus BUY
Number of Analysts 14
Average target price 32,29 CAD
Last Close Price 23,68 CAD
Spread / Highest target 73,1%
Spread / Average Target 36,3%
Spread / Lowest Target -2,87%
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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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