John Wood Group Plc (CHIX:WGl)
£ 1.884 0.068 (3.74%) Market Cap: 1.30 Bil Enterprise Value: 2.20 Bil PE Ratio: 0 PB Ratio: 0.44 GF Score: 69/100

Full Year 2019 John Wood Group PLC Trading Statement Call Transcript

Jan 16, 2020 / 08:30AM GMT
Release Date Price: £3.97 (+7.19%)
Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Wood Full Year Trading Update for the year ended on the 31st of December 2019. (Operator Instructions) I must advise you that this conference is being recorded today on Thursday, the 16th of January 2020.

I would now like to turn the conference over to your speaker today, David Kemp. Please go ahead, sir.

David Miller Kemp
John Wood Group PLC - CFO & Executive Director

Good morning, and welcome to our full year trading update call. Before we go to Q&A, I'll take you through some of the key highlights of this morning's statement and provide a bit more color around performance in 2019.

So starting with the 2019 earnings. We delivered a strong -- stronger second half, and our full year 2019 results will demonstrate earnings growth, margin improvement and strong operational cash generation, resulting in a reduction in net debt.

Revenue will be in line with 2018 at around $10 billion. Adjusted EBITDA, including the impact of IFRS 16, will be around $850 million

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