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Wood_Annual_Report_and_Accounts_2020.pdf
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🔗 Source: woodplc.com
📊 Size: 9.32 MB
📄 Pages: 224 pages
⬇️ Downloads: 271

Summary

John Wood Group PLC's 2020 Annual Report highlights the company's resilient performance despite unprecedented trading conditions, with revenue of $7.6bn, down 23.5% from 2019. Adjusted EBITDA margin was 8.3%, and net debt excluding leases was reduced by $410m to $1.01bn. The company is committed to maintaining its position as a leader in ESG matters, with new targets announced for reducing scope 1 and 2 emissions by 40% by 2030. The Future Fit programme aims to unlock stronger medium-term growth, deliver efficiency, and create value, with efficiency savings of c$40m in 2021. The order book at 31 December was $6.5bn, with 67% to be delivered in 2021, and the company expects improving momentum in new awards as markets recover. The 2021 financial focus is on EBITDA margin improvement and cashflow, with margin improvement driven by high utilisation, improved project execution, and operational and efficiency improvements.

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Description

John Wood Group PLC's 2020 Annual Report highlights the company's resilient performance despite unprecedented trading conditions, with revenue of $7.6bn, down...

Technical Information

  • File Format: PDF
  • File Size: 9.32 MB
  • Pages: 224
  • Language: EN
  • Total Downloads: 271
  • Last Updated: 4 hours ago

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