Weir Group plc (The) (GB:WEIR) has released an update.
Weir Group PLC reports resilient aftermarket demand and a positive outlook, with a 2% increase in group aftermarket orders and a reaffirmed full-year operating profit and cash conversion guidance. The company highlighted its strong performance despite macroeconomic uncertainties, with significant growth in profit margin and return on capital employed, partly due to its Performance Excellence program. Looking ahead, Weir Group anticipates growth and margin expansion, backed by a £53m greenfield contract and a pipeline of promising projects.
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