Q4 2021 John Wood Group PLC Trading Statement Call Transcript

Jan 13, 2022 / 08:30AM GMT
Operator

Thank you for standing by, and welcome to the and welcome to the Wood Trading Update Conference Call. (Operator Instructions) I must advise you that your conference is being recorded today, Thursday, the 13th of January, 2022.

I would now like to hand over the conference to your speaker for today, Mr. David Kemp, CFO. 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 our financial performance in 2021. The key areas that I want to highlight are, firstly, continued momentum in our markets, driving a stronger second half performance with growth in consulting and operations, and stabilization in projects compared to the first half of the year. Our full year margin improvement of around 0.5 percentage point with cost efficiencies and revenue mix more than offsetting lower activity. We've strengthened our order book,

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