SNC-Lavalin Group Inc. beat analyst expectations in its first-quarter results and the engineering giant’s CEO attributes the strength to its clean energy transition.Speaking with BNN Bloomberg’s Amber Kanwar on Tuesday, Ian Edwards, president and chief executive officer of SNC-Lavalin, said the resurgence in nuclear power and need for clean energy infrastructure gas brought government contracts back to the company. “Where we’ve positioned this company, in the U.S., the U.K.
He added that SNC-Lavalin has divested out of oil and gas, and has also put most of the lump sum construction it was used to servicing behind it — making room for its new business model to focus on projects that will aid the world in the production of clean energy. the company posted $2.02 billion in revenue for the quarter, up from the $1.89 billion from the same time last year.
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