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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Full Year 2023 John Wood Group PLC Trading Statement Call Transcript

Jan 12, 2024 / 08:00AM GMT
Release Date Price: £1.59 (+3.97%)
Ken Gilmartin John Wood Group PLC;CEO

Hello, everybody, and Happy New Year, and welcome to our full year 2023 trading update call. So I'm here in London with David Kemp, our CFO, and we're pleased to talk with you about the highlights from today's trading statement ahead of taking your questions.

So starting with the key highlights for this period, trading was in line with our expectations. Revenue was up 9% with good growth across all business units. And adjusted EBITDA was slightly ahead of our guidance at $420 million to $425 million. Thanks to a slightly higher margin performance. We continue to see good momentum in the delivery of our strategy.

Our order book is up 4% and underpins our growth expectations for 2024. This was following some significant wins in the quarter, and I'm pleased that around 40% of the work in our pipeline is sustainability related, which enables us to continue to grow our sustainable revenues by helping our clients to decarbonize and digitize. We continue to review our portfolio in line with our strategic focus on select markets.

And as a

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