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Weir Issues 2010 Financial Results Through Three Quarters

Tuesday, November 2, 2010  
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During the third quarter, the Weir Group has continued to perform well. Strong order input over the first half of 2010 resulted in third quarter revenues for each division being higher than the prior year period in constant currency terms.

Weir Power & Industrial order input for the 39 weeks was down 7% (H1: down 1%) reflecting phasing of major nuclear orders and continued weakness in industrial markets, especially Canada, where the restructuring of our service operations is ongoing.  Weir continues to expect to see full year margin progression although full year revenues will now be broadly in line with 2009 in constant currency terms. More…

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