Weir Issues 2010 Financial Results Through Three Quarters
Tuesday, November 2, 2010
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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