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4-Traders Homepage  >  Equities  >  Toronto Stock Exchange  >  Snc-Lavalin Group Inc    SNC   CA78460T1057

SNC-LAVALIN GROUP INC (SNC)
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SNC Lavalin : transitions into EPC phase of Salalah Methanol ammonia plant contract

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08/02/2017 | 07:51pm CEST

SNC-Lavalin announced that it has received a notice to proceed from Salalah Methanol Company with the engineering, procurement and construction (EPC) phase of its anhydrous liquid ammonia plant project, located in the city of Salalah, Sultanate of Oman.

This phase follows the early works programme, which was awarded earlier this year. The EPC work has been authorised by Salalah Methanol Company, while it concludes the final stages of the project's financial arrangements.

"We are very excited about this opportunity to pursue our work with Salalah Methanol Company," said Etienne Cabanes, senior vice president, mining and metallurgy, Europe, Middle East and North Africa, SNC-Lavalin.

"We look forward to ensuring the successful execution of this project with the utmost care for quality, safety, environment and the community in Salalah," added Cabanes.

"SNC-Lavalin is pleased to enter into this next phase of the Salalah ammonia project, which is of great importance for Salalah Methanol Company and the Sultanate of Oman", said José J Suárez, president, mining and metallurgy, SNC-Lavalin.

"This project demonstrates that our strong expertise is recognised by clients and major financial institutions alike, and we are committed in offering our client and the region a world-class project that they are going to be proud of," concluded Suárez.

(c) 2017 ITP Business Publishing Ltd. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ( CAD)
Sales 2018 10 833 M
EBIT 2018 949 M
Net income 2018 512 M
Debt 2018 1 714 M
Yield 2018 1,82%
P/E ratio 2018 19,77
P/E ratio 2019 15,56
EV / Sales 2018 1,13x
EV / Sales 2019 0,95x
Capitalization 10 482 M
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Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 70,7  CAD
Spread / Average Target 17%
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Managers
NameTitle
Neil Alexander Bruce President, Chief Executive Officer & Director
Kevin G. Lynch Chairman
Sylvain Girard Chief Financial Officer & Executive Vice President
Eric D. Siegel Independent Director
Jacques Bougie Independent Director
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