Last checked at 6 Sep 2018 07:00
Investor roadshow and update on North American oil and gas market
Over the next two days The Weir Group is undertaking its usual investor roadshow in London to discuss its half year results and strategic progress post the completion of the ESCO acquisition.
Given updates from oil and gas industry peers in recent days the company expects to discuss current North American oil and gas market conditions. Those market conditions were in line with management expectations through to mid-August. In the last two weeks of August activity levels supporting our Oil & Gas aftermarket business remained as expected, albeit with initial signs of pricing pressure. However, there was a considerable softening in demand for original equipment and some order book delivery deferrals.
No further information on current trading will be provided.
Enquiries: | |
Investors: Stephen Christie | +44 (0) 779 511 0456 |
Media: Raymond Buchanan | +44 (0) 771 326 1447 |
Brunswick: Patrick Handley/Nick Cosgrove | +44 (0) 207 404 5959 |