SNC-Lavalin: 3Q Demonstrates Swift Progress in Merger Integration and Overall Efficiency; Raise FVE
We plan to raise our fair value estimate of CAD 57 for SNC-Lavalin by CAD 1-CAD 3 following strong third-quarter results, an improving global outlook for capital spending, and swift progress on strategic initiatives.ÂThe past few years have been a period of significant internal growth and strengthening for SNC under the leadership of CEO Neil Bruce. It has completed two transformative acquisitions, slashed fixed costs, reshaped its portfolio, and procured strategic project awards amid a sluggis...
SNC-Lavalin Group is an engineering and construction group, and is engaged in the ownership of infrastructure and in the provision of operations and maintenance services. Co.'s segments are: mining and metallurgy, which provide tailored solutions for projects in the aluminum, gold, copper product sectors, among others; oil and gas, which includes projects for oil and gas and resources companies; power, which includes projects and services in hydro, and nuclear and thermal power generation, among others; infrastructure, which include infrastructure & construction, and operations and maintenance; capital, which invest in equity or subordinated debt into projects for public services.
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