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Wood Group Q1 Performance Slightly Ahead Of Prior Year; Outlook Unchanged

Wood Group (John) plc (WDGJF.PK,WG.L) said its first-quarter performance is slightly ahead of prior year led by relative strength in Asset Solutions Europe, Africa, Asia and Australia and Environment & Infrastructure Solutions. For 2019, the Group continues to project revenue growth of around 5%, and growth in adjusted EBITDA and operating profit in line with market expectations.

Separately, the company announced it has secured a new $1 billion contract to provide engineering design services to Sellafield Ltd over the next 20 years.

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