Full Year 2019 John Wood Group PLC Trading Statement Call Transcript

Jan 16, 2020 / 08:30AM GMT
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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