Weir Group plc (The) (GB:WEIR) has released an update.
Weir Group PLC has reported a solid start to 2024, with aftermarket orders growing by 4% and the commissioning of a new ESCO foundry in China, highlighting the company’s resilience in the face of mixed commodity prices and geopolitical tensions. The company’s Performance Excellence program is on track, supporting expectations for revenue, profit, and operating margin growth in line with 2024 guidance. Despite a stable original equipment order rate, Weir Group anticipates robust demand for mining spares and brownfield solutions, underpinning a positive outlook for sustainable mining operations.
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