THE WEIR GROUP PLC PRELIMINARY RESULTS 20Rotork
Controls sales revenue increased by 26.6% and the order book is 11.7% higher
than at the same point last year. Progress continues to be made with regard to
operating margin and this has increased by 2.3 percentage points to 30.7%.
results have been affected by project delays, Rotork continued to maintain
momentum in the developing markets and have increased market share. The slow
down has been particularly felt by Rotork Process Control. The Control Valve
Actuator (CVA) has only just been launched and this business will not see the
benefits of this product for at least another year. The core electric actuator
business, however, continues to hold a market leading position and order intake
here was up over 8% on the first half of 2008.
revenue from the Americas was good, with both US and Canadian operations
showing improved revenues and profit. All of the Asian companies saw revenues
increase, with China being particularly strong. More…