LONDON (dpa-AFX) - John Wood Group Plc (WDGJF.PK, WG.L), an engineering services provider, on Tuesday reported first-half revenue of $2.820 billion, down from last year's $2.986 billion.
This reflects a lower revenue in projects given lower pass-through activity, the company's strategic shift away from EPC, and weakness in its minerals business.
Adjusted EBITDA improved to $218.7 million from previous year's $201.7 million.
Looking ahead, for the full year, the company has reaffirmed its guidance for high single digit growth in adjusted EBITDA, before the impact of disposals.
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