Lendlease reports 9% decline in construction profits
Australia-based mostly multinational contractor Lendlease yesterday reported fiscal 50 %-calendar year 2020 EBITDA in its Design division of AU$101 million, (U.S. $67 million) down nine% from the calendar year in advance of. New perform in this division was also down 28% to $3.1 billion compared to $4.3 billion in the next 50 % of 2018.
CEO Steve McCann claimed the dip in new perform was in portion because of to “lower exercise” in the company’s Americas division, most notably in the New York Metropolis region, and that the company has observed “some delays in assignments staying introduced to industry.”
