John Wood Group Begins Strategic Review Of Its Built Environment Business - Quick Facts

John Wood Group PLC has started a strategic review of the part of its Consulting business facing the built environment end market. The scope of the review will consider a range of options to best unlock value from this part of the business for shareholders, the Group said.

John Wood Group said, overall, it expects to deliver improved revenue and earnings in the second half of 2021 relative to first half of 2021. The Group noted that the rate of recovery in projects has been slower than anticipated largely due to the deferral of activity and awards into 2022. Full year revenue is anticipated to be approximately $6.4 billion. Adjusted EBITDA margin is projected to be 8.5% to 8.7%.

The Group said the working capital impact of lower than anticipated EPC awards together with deferred activity will result in higher than previously anticipated full year net debt, which it expects to be broadly in line with first half of 2021.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Shares of Inditex SA were gaining around 6 percent in the morning trading in Spain after the clothing firm that owns Zara reported Wednesday significant growth in its first-quarter profit on higher revenues as well as the absence of a prior year provision. Regarding the second quarter to date, the company said its store and online sales in constant currency between May 1 and June 4 increased 16.. The U.S. Consumer Product Safety Commission or CPSC, along with Golden, Colorado-based Boppy Co., urged consumers to stop using recalled Boppy Newborn Loungers, following reports of more infant deaths. They also asked online marketplaces to stop selling the recalled product. The company in September 2021 had recalled over 3.3 million infant lounging pillows after it was connected with deaths of 8 Apple has unveiled a bunch of new products for its customers including its first spatial computer Vision Pro Headset. The tech major has also introduced iOS 17, 15-inch MacBook Air, iPadOS 17, TvOS 17 For Apple TV, WatchOS 10 For Apple Watch, New Mac Studio, Mac Pro, and M2 Ultra, among others. The Apple Vision Pro features visionOS, the world's first spatial operating system.
Follow RTT