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Pin to quick picksWood Group (J) Share News (WG.)

Share Price Information for Wood Group (J) (WG.)

London Stock Exchange
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Share Price: 194.20
Bid: 193.60
Ask: 195.50
Change: 1.30 (0.67%)
Spread: 1.90 (0.981%)
Open: 197.10
High: 199.80
Low: 194.10
Prev. Close: 192.90
WG. Live PriceLast checked at -

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Strong order book boosts Wood Group earnings

Fri, 12th Jan 2024 07:05

(Sharecast News) - Oil industry services company Wood Group said full-year adjusted core earnings would be slightly ahead of expectations on the back of a strong order book.

Adjusted earnings before interest, taxes, depreciation, and amortisation for 2023 was now forecast to come in at $420m to $425m, up 9%.

Revenue rose 9% to $6bn with good growth across all business units, Wood said in a trading update on Friday. The order book was up 4% to $6.1bn, supporting growth expectations for 2024.

Reporting by Frank Prenesti for Sharecast.com

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