Building services provider Johns Lyng is sticking with its earnings guidance for this financial year while the business continues to examine the impact of the NSW/Queensland floods and other recent catastrophes.

Its current 2021/22 forecast projects the business will achieve $802.4 million in sales revenue and earnings before interest, tax, depreciation and amortisation (EBITDA) of $78.7 million.

In the previous 2020/21 financial year, sales revenue grew 14.8% to $568.4 million and EBITDA surged 28.3% to $52.6 million.

“The company is still assessing the financial impact of recent catastrophic events including the devastating floods in southeast Queensland and NSW which remains too early to quantify in terms of timing and value,” Johns Lyng said in an investor update last week.

In March the business announced it has been contracted by the NSW Government to lead the state’s recovery response to the February/March flood catastrophe.

Under the agreement, Johns Lyng will work with the Government to roll out the state’s Property Assessment and Demolition Program, a $142 million initiative that provides free structural assessments of eligible flood-impacted properties in 58 local government areas.

Johns Lyng will take on the role of managing contractor to oversee the program, which is also funded federally.