Weir Group (WEIR)

Sector:

Engineering

Index:

FTSE 100

2,022.00p
   
  • Change Today:
      1.00p
  • 52 Week High: 2,036.00
  • 52 Week Low: 1,675.50
  • Currency: UK Pounds
  • Shares Issued: 257.90m
  • Volume: 510,312
  • Market Cap: £5,215m
  • RiskGrade: 162

Weir Group FY revenue and operating profits tick up

By Iain Gilbert

Date: Wednesday 02 Mar 2022

LONDON (ShareCast) - (Sharecast News) - Engineering firm Weir Group said on Wednesday that both full-year revenue and operating profits had ticked up slightly thanks to a double-digit increase in orders.
Weir Group said revenues were up 2% in the twelve months ended 31 December to £1.93bn, while adjusted operating profits were 5% higher at £296.0m as constant currency adjusted operating margins grew 40 basis points to 15.3%. Adjusted earnings per share were down 1% on a reported basis at 71.3p.

The FTSE 250-listed firm, which declared a full-year dividend of 23.8p after not returning anything to investors in 2020, also reported a £279.0m reduction in net debt to £772.0m.

Weir Group said its strong order growth was driven by "highly active end markets and strategic growth initiatives", while "operational execution" led to the margin expansion throughout the period.

Chief executive Jon Stanton said: "In 2021 we navigated successfully through a number of significant external challenges to deliver a strong performance for the year. Order momentum was strong, with a significant acceleration in Q4, and demand for recurring aftermarket consumables has now surpassed pre-Covid levels.

"We start 2022 with a record order book and market conditions continue to be favourable. Subject to ongoing geopolitical uncertainty, and with Covid-19, inflationary and supply chain pressures likely to persist, we currently expect to deliver strong growth in constant currency revenue and profit this year and further progress towards our medium-term performance goals."

As of 0850 GMT, Weir Group shares were up 5.66% at 1,606.50p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Weir Group Market Data

Currency UK Pounds
Share Price 2,022.00p
Change Today 1.00p
% Change 0.05 %
52 Week High 2,036.00
52 Week Low 1,675.50
Volume 510,312
Shares Issued 257.90m
Market Cap £5,215m
RiskGrade 162

Weir Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
94.71% below the market average94.71% below the market average94.71% below the market average94.71% below the market average94.71% below the market average
64.71% below the sector average64.71% below the sector average64.71% below the sector average64.71% below the sector average64.71% below the sector average
Price Trend
66.17% above the market average66.17% above the market average66.17% above the market average66.17% above the market average66.17% above the market average
42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average
Income
71.5% below the market average71.5% below the market average71.5% below the market average71.5% below the market average71.5% below the market average
12.5% below the sector average12.5% below the sector average12.5% below the sector average12.5% below the sector average12.5% below the sector average
Growth
14.39% above the market average14.39% above the market average14.39% above the market average14.39% above the market average14.39% above the market average
9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average

What The Brokers Say

Strong Buy 3
Buy 8
Neutral 4
Sell 2
Strong Sell 0
Total 17
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Weir Group Dividends

  Latest Previous
  Final Interim
Ex-Div 18-Apr-24 05-Oct-23
Paid 31-May-24 03-Nov-23
Amount 20.80p 17.80p

Trades for 28-Mar-2024

Time Volume / Share Price
16:40 3,769 @ 2,017.28p
16:40 32,633 @ 2,017.28p
16:40 14,783 @ 2,017.28p
16:40 2,718 @ 2,017.28p
16:40 16,664 @ 2,017.28p

Weir Group Key Personnel

CEO Jon Stanton
Chair Barbara Jeremiah
CFO Brian Puffer

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