The latest contract win announcements continue the order momentum seen at the time of H117 results. The significance of new international workflow will serve to underpin our expectation of an improving overseas contribution and, at the same time, provide post-Brexit reassurance for investors. We expect this will translate to further share price progress.
New orders, broad scope
In our post H117 results note, we commented positively on WYG's (SG:WYG) reported order book development and its pipeline of prospects. Newly secured contracts with a total value to WYG of €17m have been announced. They relate to multiple countries (in Europe, Africa and South America) with financing from both EU and country-level funds to be spread over four years.
The diversity of work is striking and includes technical support for the development of physical assets (eg utilities), governance/financial management and regional co-operation programmes. We note that the country scope now includes Brazil and Lebanon as well as Turkey and the Western Balkans (where WYG has a more established historic presence).
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