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| May 1, 2008 SNC-LAVALIN ANNOUNCES ITS FIRST QUARTER RESULTS FOR 2008 Highlights · For the first quarter 2008, net income was $70.8 million ($0.47 per share on a diluted basis) compared to a net loss of $19.8 million (loss of $0.13 per share on a diluted basis) for the first quarter 2007, which included an $84.1 million net gain after taxes on the sale of SNC Technologies. · From continuing operations, net income was $70.8 million ($0.47 per share on a diluted basis), compared to a net loss from continuing operations of $103.9 million (loss of $0.69 per share on a diluted basis) for the first quarter 2007, which included a pre-tax operating loss of $179.0 million from the Power segment. · Revenues increased to $1.8 billion compared to $1.3 billion in the first quarter 2007. · Backlog for our four categories of revenues: Services, Packages, Operations & Maintenance and Infrastructure Concession Investments, totalled $10.0 billion at the end of March 2008. · Cash and cash equivalents remained solid at $1.0 billion at March 31, 2008. · The Board of Directors declared a cash dividend of $0.12 per share for the first quarter 2008. SNC-LAVALIN ANNOUNCES ITS FIRST QUARTER RESULTS FOR 2008 MONTREAL: May 1, 2008 -- SNC-Lavalin Group Inc. (TSX:SNC) announced its results today for the first quarter ended March 31, 2008. For the first quarter 2008, net income was $70.8 million ($0.47 per share on a diluted basis) compared to a net loss of $19.8 million (loss of $0.13 per share on a diluted basis) for the first quarter 2007, which included an $84.1 million net gain after taxes on the sale of SNC Technologies. From continuing operations, net income was $70.8 million ($0.47 per share on a diluted basis) compared to a net loss from continuing operations of $103.9 million (loss of $0.69 per share on a diluted basis) for the first quarter 2007, which included a pre-tax operating loss of $179.0 million from the Power segment mainly due to the loss on the Goreway project. For the first quarter 2008, revenues increased to $1.8 billion, up 40% from the same period in 2007, reflecting increased activities mainly in Packages and Services. "The year is off to a good start with most of our segments achieving good results during the first quarter," said Jacques Lamarre, President and Chief Executive Officer, SNC-Lavalin Group Inc. "Given these positive results, our strong backlog and our solid list of prospects, we continue to be optimistic about the year ahead." The Company’s backlog for our four categories of revenues: Services, Packages, Operations & Maintenance and Infrastructure Concession Investments, totalled $10.0 billion at the end of March 2008 compared to $10.6 billion at the end of December 2007. The Company’s balance sheet position remained solid with cash and cash equivalents of $1.0 billion at March 31, 2008. The Board of Directors today declared a cash dividend of $0.12 per share payable May 29, 2008 to shareholders of record on May 15, 2008. This dividend is an "eligible dividend" for income tax purposes. SNC-Lavalin (TSX:SNC) is one of the leading engineering and construction groups in the world and a major player in the ownership of infrastructure, and in the provision of operations and maintenance services. The SNC-Lavalin companies have offices across Canada and in 35 other countries around the world and are currently working in some 100 countries. www.snclavalin.com N.B.: All amounts expressed in this report are in Canadian dollars. - 30 - Reference in this press release, and hereafter, to the "Company" or to "SNC-Lavalin" means, as the context may require, SNC-Lavalin Group Inc. and all or some of its subsidiaries or joint ventures, or SNC-Lavalin Group Inc. or one or more of its subsidiaries or joint ventures. Statements made in this press release that describe the Company’s or management’s objectives, projections, estimates, expectations or predictions of the future may be "forward-looking statements", which can be identified by the use of forward-looking terminology such as "believes", "expects", "may", "will", "should", "estimates", "anticipates", or the negative thereof or other variations thereon. The Company cautions that, by their nature, forward-looking statements involve risks and uncertainties and that its actual actions and/or results could differ materially from those expressed or implied in such forward-looking statements, or could affect the extent to which a particular projection materializes.  Highlights (PDF)Financial results (PDF)Management discussion and analysis (PDF)Download Acrobat Reader For information, contact: Investors:
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