Weir Group PLC reported a strong Q3 with orders up to £636 million and optimistic growth forecasts.

Weir Group PLC reported a strong third quarter, with orders rising to £636 million, up from £607 million a year ago. The company achieved a 15% increase in original equipment orders and secured significant contracts for projects in Pakistan and Morocco. CEO Jon Stanton expressed optimism for continued growth, reaffirming 2024 targets for revenue and operating profit, alongside a commitment to sustainability in mining. The company aims for a margin of around 18% and robust cash conversion.

November 05, 2024
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