Murray and Roberts Holdings Limited

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Murray & Roberts Holdings Limited (2021-12)
  • Murray and Roberts Holdings Limited
  • Year : Dec 2021
3 Tokens
USD 300.00
Summary

Despite continued COVID-19 headwinds experienced during 1H FY21 and into Q3, the group's operating performance for the full year was stronger than expected. Revenue grew by 5% and GCR’s calculated EBITDA by 91% to R1.5bn (FY20: R778m), driven predominantly by the Energy, Resource and Infrastructure (“ERI”) platform, which evidenced a marked turnaround from FY20. Further, M&R has secured a number of large contracts in Australia and North America, which has seen the order book increase to a record R60.7bn at FY21 (FY20: R54.2bn).

Additional Information

The Stable Outlook reflects the improvements in M&R’s earnings and gearing profiles, which trends are anticipated to continue over the rating horizon on the back of a robust order book. In addition, GCR considers the terming out of short term to long term debt will positively impact liquidity metrics.

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