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Weir Group delivers 18% rise in operating profits

The company has pledged to double planned savings from £30mn to £60mn
February 29, 2024
  • Adjusted operating profit up 18 per cent to £459mn
  • Operating margin expands from 16 per cent to 17.4 per cent

Weir Group (WEIR) chief executive Jon Stanton pointed to signs of tangible progress in 2023. Revenue was up 9 per cent on a constant currency basis, while an 18 per cent increase in adjusted operating profit to £459mn was helped by the company increasing its operating margin from 16 per cent to 17.4 per cent. 

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