“I am proud of our collective achievements in the first year of our strategic cycle. We deepened our presence and expertise through strategic acquisitions, reinforced our ESG commitments, and elevated our people and client experience while delivering above-expectation financial results,” said Alexandre L’Heureux, President and CEO of WSP.
2022 Financial Performance
In 2022, we delivered strong results ahead of Management's expectations, including the highest organic growth in net revenues in the last decade. Overall, net revenues, adjusted EBITDA, and adjusted net earnings increased in 2022 by 14%, 16%, and 17%, respectively.
Additional details on our 2022 financial results and 2023 outlook can be found in the official press release.
A conference call discussing these results will be held at 8:00 a.m. (Eastern Time) on March 9, 2023. The conference call details, and other relevant materials, are available in the Investors section, on wsp.com.
Our 2022 Annual Report – Purposeful Growth – provides a snapshot of our evolution in the first year of our 2022-2024 strategic cycle, as we expanded our workforce and capabilities, and stayed true to our purpose of future-proofing our cities and environment.
What you will find in the report:
- A message from our Global President & CEO, Alexandre L’Heureux
- A message from our Chairman of the Board, Christopher Cole
- 2022 Year in Review timeline
- An update on our 2024 strategic ambitions progress
- A selection of our challenging global projects
Learn more about our accomplishments in our 2022 Annual Report.
Upcoming Board Appointment
As part of our year-end results announcement, we have also shared that Mr. Macky Tall will be joining our Board of Directors, subject to his election at its 2023 shareholders meeting to be held on May 11. Mr. Tall will bring the Board extensive management, financial and industry experience, having held several senior leadership positions throughout his career in the infrastructure and investment sectors. He is a Partner and Chair of Carlyle's Global Infrastructure Group and held various leadership positions at Caisse de dépôt et placement du Québec (CDPQ), one of the world’s largest infrastructure investors and pension fund.
“Mr. Tall’s strong leadership and expertise in finance, capital markets, infrastructure, and deep knowledge of WSP’s key sectors of activities, will bring significant value to our Board as we support WSP’s strategy and growth journey. We look forward to his contributions to our diverse and collaborative board,” said Christopher Cole, WSP’s Chairman of the Board.