This website uses cookies to store information on your computer. Some of these cookies are used for visitor analysis, others are essential to making our site function properly and improve the user experience. By using this site, you consent to the placement of these cookies. Click Accept to consent and dismiss this message or Deny to leave this website. Read our Privacy Statement for more.
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…
Email to a Friend