Aberdeen-based consulting and engineering group Wood revealed this morning that it has an increased order book of around $6billion (£4.94billion) for this year.
It said in a full-year trading update that this figure is up by around a mid-to-high single-digit percentage on the position a year ago.
Chief executive Ken Gilmartin highlighted that the group - which employs around 35,000 people worldwide - has attractive growth prospects in its core markets, and with the talent and solutions to enable a net-zero future.
Wood also said today that revenue for 2022 would be around $5.4billion (£4.45billion).
Underlying revenue growth at constant currency was around 8%, while reported revenue was up 3%.
Adjusted EBITDA for the last year will be around $375million (£309million) to $385million (£317million) - in line with guidance.
Strengthened group
Mr Gilmartin said: "We are pleased to have delivered a result for 2022 in line with our expectations at the half year, including a return to revenue growth and a balance-sheet position that reflects the strengthened group.
"We are focused on growth in energy and materials, both with structural growth drivers - energy security, energy transition, net-zero and the circular economy - which create long-term growth opportunities for Wood.
"Our leading positions in these markets, long-term client relationships and expertise in decarbonisation and digitalisation is enabling us to win additional market share.
"Significant contracts won in the second half of the year include a five-year engineering services contract renewal with BP, a three-year contract renewal with Shell in the UK North Sea, and a four-year contract with INEOS to deliver a state-of-the-art petrochemicals complex in Belgium.
"This is a new Wood, led by a new team, and the strategy we recently shared at our capital markets day will enable us to deliver sustainable returns.
"We have attractive growth prospects in our core markets, we are trusted by our clients, and we have the talent and solutions to enable a net-zero future.
Strong future
"We're focused on designing a strong future for Wood and enter this new year with positive momentum."
Wood said it will give financial guidance for 2023 alongside the full year results published on March 28.
As previously set out, it anticipates a material improvement in underlying operating cash flows this year which will be outweighed in the short term by defined payments on legacy liabilities, before a return to positive free cash flow in 2024.
FTSE 100
The UK's top share index, the FTSE 100, was up 29 points at 7,754 shortly after opening this morning, following yesterday's 30-point gain.
Brent crude futures were 0.11% higher at $82.76 a barrel.
Companies reporting today
- Trading updates: ASOS, Halfords, Wood. M&S, Persimmon, Tesco, Whitbread