skip to content

Interim Results

Weir revenues up but margins suffer

27 July 2017 08:13

Engineering company Weir's (WEIR) pre-tax profit slid by 8% on a constant currency basis in the first half of 2017.

The company's pre-tax profit was £92m, which was 12% higher on a reported basis.

Revenue increased by 10% at constant currency to £1,091m, but the operating margin fell by 210 basis points.

Jon Stanton, chief executive officer, said its two main businesses are transitioning from an intense downturn into a recovery and growth phase.

"Our focus is on ensuring we take full advantage of improving markets and further enhance our leadership positions by investing in our distinctive competencies - people, customers, technology, and performance - where we have made substantial progress in the first half," he said.

At 8:13am: (LON:WEIR) Weir Group PLC share price was -45.5p at 1869.5p

Story provided by

Related Company: WEIR

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?


Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.