Unveils Three-Year Global Growth Plan - Strategic direction re-affirmed with clear growth agenda to 2024, focused on core geographies of UK, Canada and the U.S.
- New operational structure ensures global capabilities are focused to deliver growth across clearly defined customer end markets, and drive value creation
- SNCL Services target of 4% to 6% annual organic revenue growth and 8% to 10% Segment Adjusted EBIT to segment revenue ratio(3) from 2022-2024(1)
- Delivery of positive net cash flow from operations will be prioritized with a view to targeting an investment grade rating and further accelerate the growth strategy
MONTREAL, Sept. 28, 2021 /CNW Telbec/ - SNC-Lavalin Group Inc. (TSX: SNC), a fully integrated professional services and project management company with offices around the world, today released "Pivoting to Growth Strategy'', its three-year global strategic plan outlining how and where the Company intends to drive profitable growth through 2024. The plan will be the focus of the Company's 2021 Investor Day, held today virtually.
"Two years ago, I set a goal of simplifying and de-risking our business to unlock SNC-Lavalin's potential to create sustainable solutions that connect people, data and technology to design, deliver and operate the most complex projects across the world," said Ian L. Edwards, President and CEO of SNC-Lavalin Group Inc. "Today, our team begins the next phase in our journey as we pivot to growth, and we look forward to providing the core elements of our plan – where we play, how we win, and how we will grow with a view to creating long-term value."
"With our leading ability to deploy our teams' expertise and capabilities locally to our clients, our unique offering of end-to-end services across the whole life cycle of an asset, and the opportunities created by government investments in the built and natural environment, I am confident SNC-Lavalin should be positioned to deliver sustained organic growth through 2024," added Mr. Edwards.
https://www.newswire.ca/news-releases/snc-lavalin-hosts-2021-investor-day-unveils-three-year-global-growth-plan-and-new-operational-structure-860894966.html