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    STN   CA85472N1096

STANTEC INC.

(STN)
  Report
Delayed Toronto Stock Exchange  -  02:35 2022-10-05 pm EDT
65.58 CAD   -0.36%
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Stantec : European Commission selects Stantec for sustainable urban development program in Tanzania

08/08/2022 | 06:35am EDT

The European Union and the United Republic of Tanzania are working together to improve urban resilience and economic sustainability in the Tanzanian archipelago of Zanzibar. To support this process, the European Commission selected Stantec's International Development team in Belgium to provide technical assistance with the implementation of a program called Green and Smart Cities SASA, a word that means 'now' in the native Swahili.

The program will focus on inclusive and sustainable urban development and improving public services for communities on the island of Pemba. Green and Smart Cities SASA is part of the greater Team Europe Initiative for Tanzania, which aims to raise the quality of life through green infrastructure investments, local economic growth, the circular economy, and e-governance for local authorities.

The Stantec team will engage with local authorities and communities to assess the challenges facing poor, urban communities in Pemba. Based on identified needs and challenges, the team will propose interventions in line with the objectives of Green and Smart Cities SASA. Technical support will also be provided in the preparation and implementation of grant contracts for proposed projects and activities.

"Contributing to the resilience and sustainable development of communities has always been the very heart and soul of our work," said Christophe Leroy, Operations Director of Stantec Belgium. "Our integrated approach to development reflects the European Union's vision of incorporating all important dimensions of sustainable development ̶ economic stability, environmental protection, social inclusion, and strong partnerships with local citizens and communities."

About Stantec
Communities are fundamental. Whether around the corner or across the globe, they provide a foundation, a sense of place and of belonging. That's why at Stantec, we always design with community in mind.

We care about the communities we serve-because they're our communities too. This allows us to assess what's needed and connect our expertise, to appreciate nuances and envision what's never been considered, to bring together diverse perspectives so we can collaborate toward a shared success.

We're designers, engineers, scientists, and project managers, innovating together at the intersection of community, creativity, and client relationships. Balancing these priorities results in projects that advance the quality of life in communities across the globe.

Stantec trades on the TSX and the NYSE under the symbol STN.

Media Contact
Jorg Kemper
Communications Manager
Ph: +31 (0)15 751 1600
jorg.kemper@stantec.com

Disclaimer

Stantec Inc. published this content on 08 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 August 2022 10:34:11 UTC.


© Publicnow 2022
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Sales 2022 4 394 M 3 240 M 3 240 M
Net income 2022 260 M 192 M 192 M
Net Debt 2022 1 319 M 973 M 973 M
P/E ratio 2022 29,2x
Yield 2022 1,07%
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EV / Sales 2022 1,96x
EV / Sales 2023 1,79x
Nbr of Employees 25 000
Free-Float 99,7%
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Number of Analysts 11
Last Close Price 65,82 CAD
Average target price 73,91 CAD
Spread / Average Target 12,3%
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Managers and Directors
Gordon Allan Johnston President, Chief Executive Officer & Director
Theresa B. Y. Jang Chief Financial Officer & Executive Vice President
Douglas K. Ammerman Chairman
Chris McDonald Chief Information Officer & Senior Vice President
Donald James Lowry Independent Director
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