Weir Group - Preliminary results 2009
9 March 2010, Bath (United Kingdom)
Results for 53 weeks ended 01 January 2010
| Continuing operations | | 2009 | | 2008 | | Change |
| Order input1 | £1,302m | | £1,595m | | -18% | | Revenue | £1,390m | | £1,354m | | +3% | | Operating Profit2 | £205m | | £185m | | +11% | | Operating Margin2 | 14.7% | | 13.7% | | +1.0% | | Profit before tax2 | £187m | | £176m | | +6% | | Cash from operations2 | £302 | | £214m | | +41% | | Earnings per share2 | 64.1p | | 59.3p | | +8% | | Dividend per share | 21.0p | | 18.5p | | +14% | | Net debt | £119m | | £240m | |
| | | |
1 2008 restated at 2009 average exchange rates.
2 Adjusted to exclude intangibles amortisation.
Reported operating profit, profit before tax and earnings per share were £188m (2008: £168m); £170m (2008: £160m) and 58.8p (2008: 53.8p) respectively.
|
| Company: Weir Group |
| Source: Weir Group |
Belimo Group's results for 2009
8 March 2010, Hinwilll (Switzerland)
The Belimo Group, global leader in the field of actuator solutions for controlling heating, ventilation and air conditioning systems, can look back on a solid performance in the 2009 financial year. Group sales fell just short of the previous year's due to a contraction in some markets and weaker foreign currencies.
In Swiss francs, sales came to CHF 385.9 million, a decline of 4.4 percent. Operating income (EBIT) was CHF 61.9 million with an unchanged operating margin of 16.0 percent. Net income was up 6.8 percent to CHF 49.3 million thanks to an improved financial result. Earnings per share were CHF 81.35 (previous year CHF 75.88). Return on equity (ROE) was 30.6 percent (previous year 32.3 percent), and the return on invested capital (ROIC) amounted to 28.0 percent (previous year 28.2 percent).
Cash flow from operating activities rose significantly by 8.8 percent to CHF 66.0 million. Free cash flow was CHF 51.9 million in the reporting period, a year-on-year increase of 11.7 percent.
The Board of Directors will propose a dividend of CHF 40.00 per share to the Annual General Meeting on March 29, 2010... (+) |
| Company: Belimo |
| Source: Belimo |
FMC Technologies Receives $62 Million Contract to Support Marulk Field Development
8 March 2010, Houston (TX) (USA)
Technologies, Inc. (NYSE: FTI) announced that it has signed an agreement with Statoil ASA for the manufacture and supply of subsea production equipment to support the Marulk field. The award, a call-off from FMC's existing frame agreement with Statoil, has a value of approximately $62 million in revenue to FMC Technologies.
The Marulk field is located in the Norwegian Sea, approximately 18 miles (30 kilometers) southwest of the Norne field at a water depth of 1,200 feet (365 meters). The initial development will consist of two wells tied back to the Norne floating production, storage and offloading vessel...(+) FMC's scope of supply includes the manufacture of two subsea trees, one manifold, one template, subsea control modules and associated topside controls and connection equipment. The systems will be manufactured and assembled at FMC's operations in Kongsberg, Norway and Dunfermline, Scotland. Initial deliveries are scheduled to commence in the second quarter of 2011.
|
| Company: FMC Technologies |
| Source: FMC Technologies |
|
|
|