John Wood Group PLC (CHIX:WGl)

£ 0.6695 0.0055 (0.83%) Market Cap: 455.46 Mil Enterprise Value: 1.44 Bil PE Ratio: 0 PB Ratio: 0.23 GF Score: 44/100

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Q2 2021 John Wood Group PLC Trading Update Call Transcript

Jun 24, 2021 / 07:30AM GMT

Release Date Price: £2.09 (-8.83%)

Transcript

Operator

Good day, and thank you for standing by. Welcome to the Wood Trading Update Call. (Operator Instructions) Please be advised that today's conference is being recorded. (Operator Instructions)

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

David Miller Kemp

John Wood Group PLC - CFO & Executive Director

Good morning, and welcome to our half-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 hopefully provide you with some more color around our financial performance in the first half of 2021.

There are 3 areas I want to highlight: firstly, we returned to growth in Q2 for our Consulting and Operations businesses, and our expectation of the group returning to growth in H2; secondly, the margin growth that we've seen in all of our BUs compared to H1 2020; and finally, strong backlog growth in Consulting and Operations with an improving picture in context.

Looking at activity first. After a steady

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