Final Results
Preliminary results 2009
Right click the link below to download the full document
WeirGroup_2009_PreliminaryResults.pdf [Adobe®
PDF - 386 Kb]
Results for 53 weeks ended 01 January 2010
Highlights
| |
Continuing
operations |
| |
2009 |
|
2008 |
|
Change |
| Order input1 |
£1,302m |
|
£1,595m |
|
-18% |
| Revenue |
£1,390m |
|
£1,354m |
|
+3% |
| Operating Profit2 |
£205m |
|
£185m |
|
+11% |
| Operating Margin2 |
14.7% |
|
13.7% |
|
+1.0% |
| Profit before tax2 |
£187m |
|
£176m |
|
+6% |
| Cash from operations2 |
£302 |
|
£214m |
|
+41% |
| Earnings per share2 |
64.1p |
|
59.3p |
|
+8% |
| Dividend per share |
21.0p |
|
18.5p |
|
+14% |
| Net debt |
£119m |
|
£240m |
|
|
| |
|
1 2008 restated at 2009 average
exchange rates.
2 Adjusted to exclude intangibles amortisation.
Reported operating profit, profit before tax and earnings per share
were £188m (2008: £168m); £170m (2008: £160m) and 58.8p (2008:
53.8p) respectively.
Keith Cochrane, Chief Executive, commented: "In a difficult
global economic environment the Weir Group has again performed
strongly in 2009, delivering an exceptional cash performance and
making good progress against our key priorities.
We have an excellent platform for growth and a
clear strategy to extend the Group’s presence in three attractive
markets with positive long-term fundamentals.
As we enter 2010 the Group is in robust
financial health and well placed to capitalise on market
opportunities. Although the pace and timing of global economic
recovery remains uncertain and forward visibility limited, we are
now targeting a broadly similar level of profitability to that
achieved in 2009."
| Contact details: The Weir Group PLC |
|
| Keith Cochrane, Chief Executive |
Tel. 020 7567 8000 (switchboard) |
| Helen Walker, Public Relations Manager |
(Mobile: 07789 032296) |
| The Maitland Consultancy |
Tel. 020 7379 5151 |
| Suzanne Bartch |
(Mobile: 07769 710 335) |
| Rowan Brown |
« All news items from 2010
