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Rotork Controls Sales Revenue Up in Latest Financial Results

Tuesday, August 11, 2009  
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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%.

Although the 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.

Sales 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…

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