Trading update for the six months to June 2012

29 June 2012 Trading update for the six months to June 2012 John Wood Group PLC ("Wood Group") issues the following pre-close trading update for the six months to 30 June 2012. Results for the first half will be released on 21 August 2012. The Group has delivered good growth in the year to date and remains confident of achieving full year performance in line with expectations. Our Engineering division continues to perform well, delivering revenue growth and margin improvement which is expected to result in full year EBITA up around 30% on 2011. In upstream, we are seeing high activity levels supported by a good order book and future prospects. We are working around the world for clients on a broad range of projects, including the Inpex Ichthys project in Australia for Samsung and Chevron's Mafumeira Sul project in Angola for Daewoo Shipping and Marine Engineering. In subsea and pipelines, the strong overall performance continues, driven in particular by the UK and Australia. Earlier this year we secured an Enterprise Frame Agreement with Shell, under which we are executing a range of work including the Linnorm FEED study in Norway. In downstream, process and industrial, performance continues to be impacted by lower expenditure in the refining market in North America. In Wood Group PSN we continue to expect improved performance over 2011. In the UK, we are seeing good activity levels on our long term operations & maintenance contracts, including those with BP, Shell, Talisman and TAQA. The Americas remain strong, particularly in the provision of production support services in the US shale regions where we see opportunities for further growth. In International markets, losses are continuing on our significant long term contract in Oman. Elsewhere, we remain active in Australia, Africa and the Caspian. In Wood Group GTS, we expect good growth in EBITA for the year, weighted to the second half. In Maintenance, power markets continue to be relatively challenging although we are seeing some early indications of improving conditions in the US. In Power Solutions, there has been some delay in anticipated completion on our GWF contract although we continue to schedule completion in the second half of 2012. The Dorad contract remains on track and scheduled for completion in 2013. We continue to pursue additional Power Solutions prospects in Africa, the Caspian and the Middle East. Our balance sheet remains strong and provides a robust platform for growth. The Group has delivered good growth in the year to date and remains confident of achieving full year performance in line with expectations. Conference Call A telephone conference call for analysts will be held at 8am today; participant dial-in details below: UK: 01296 480 100 International: +44 1296 480 100 Passcode: 816797 - ends - Notes to editors: Wood Group is an international energy services company with around $6.0bn revenues, employing over 41,000 people and operating in 50 countries. The Group has three businesses - Engineering, Wood Group PSN and Wood Group GTS - providing a range of engineering, production support, maintenance management and industrial gas turbine overhaul and repair services to the oil & gas, and power generation industries worldwide. www.woodgroup.com Enquiries: Wood Group Nick Gilman / Andrew Rose 01224 851 000 Brunswick Patrick Handley/ Nina Coad 020 7404 5959
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