Interim Management Statement

THE WEIR GROUP PLC 7 November 2011 INTERIM MANAGEMENT STATEMENT The Weir Group PLC today issues its Interim Management Statement for the period to 4 November 2011.  Financial information is given for the 39 weeks ended 30 September 2011. Market conditions across the mining and upstream oil and gas markets remained strong through the third quarter with the Group continuing to perform well, achieving a new record in quarterly order input.  These positive trends continued through October. Although we remain vigilant given current macro- economic uncertainty, this performance underpins our confidence in delivering a strong set of results for 2011, in line with our expectations, and starting 2012 with a record order book. Revenue strengthened further in the third quarter, ahead of both the first half run rate and prior year period, as a result of the first half's strong order input.  As a result, Group operating profits were also up on the same comparatives, with Group margins broadly in line with the first half. Reported order input(1) was up 27% in the quarter despite strengthening prior year comparatives. As a result, order input for the 39 weeks increased by 37% (H1(2): 43%) against the prior year period. Original equipment orders for the 39 weeks were up 48% (H1: 67%) and aftermarket orders up 28% (H1: 25%).  For the same period, like for like order input was up 28% (H1: 32%) with original equipment orders up 39% (H1: 57%) and aftermarket orders up 18% (H1: 15%). MINERALS Reported order input increased 25% in the quarter against the equivalent prior year period giving input growth for the 39 weeks of 31% (H1: 34%) against the same period last year. Original equipment orders for the 39 weeks were up 30% (H1: 38%) in line with our August expectation of a moderating trend over the second half of the year due to the phasing of new project awards.  Aftermarket input was up 32% (H1: 32%) as strong growth in ancillary products and services, underpinned by the Linatex acquisition and our strategic growth initiatives, was maintained supported by a positive market environment. Order input, for the 39 weeks, on a like for like basis, was up 21% (H1: 23%), with original equipment orders up 27% (H1: 34%). Aftermarket orders on the same basis were up 16% (H1: 14%). We continue to see a good pipeline of future opportunities with no sign of macro-economic uncertainty impacting customer production levels or new project developments at this time. OIL & GAS Divisional order input in the quarter increased 24% relative to the prior year period achieving a new record in quarterly order input. Order input for the 39 weeks was up 56% (H1: 82%). Upstream input in the quarter grew by 39% relative to last year despite the significant pick up in input that took place in Q3 2010, with input up 84% (H1: 128%) for the 39 week period compared to the prior year period.  Continued growth in North American horizontal rig count, a growing installed base and the conversion of initial customer enquiries into 2012 forward pump orders means that we now expect upstream input for the full year to exceed US$1 billion, providing a record year end order book and a strong start to 2012. Downstream market conditions remain challenging while the Middle East service markets continue to be positive. POWER & INDUSTRIAL Order input for the 39 weeks was up 23% (H1: 23%) on a reported basis and flat (H1: flat) on a like for like basis.  Overall market conditions remain mixed with continuing delays in nuclear projects and largely weak general industrial markets.  This performance was offset by opportunities to drive growth through our strategic initiatives and the impact of the acquisitions made in 2010. NET DEBT Net debt at 30 September 2011 was higher than that reported at 1 July 2011 with further investment in working capital, also anticipated in Q4, supporting ongoing business growth, and providing the platform for delivery in 2012 of the expected record year end order book. Notes: 1. Order input is reported on a constant currency basis. 2. H1 refers to the financial period 26 weeks ended 1st July 2011 3. Where growth is provided on a like for like basis, like for like is defined as comparison of current year results to the equivalent prior year period for those businesses that have been part of the Group throughout the current and prior year reporting period, on a constant currency basis. A conference call for analysts and investors will be held at 8 a.m. (UK time) on Monday 7(th) November to discuss this statement. For dial-in details please see our corporate website www.weir.co.uk Contact details: The Weir Group PLC Vicky Ferrier, Head of IR & Tel. 0141 308 3782 (Mobile: Communications 07787 105515) Maitland Tel. 020 7379 5151 Neil Bennett Rowan Brown This information includes 'forward-looking statements'.  All statements other than statements of historical fact included in this release, including, without limitation, those regarding the Weir Group's financial position, business strategy, plans (including development plans and objectives relating to the Company's products and services) and objectives of management for future operations, are forward-looking statements. These statements contain the words "anticipate", "believe", "intend", "estimate", "expect" and words of similar meaning. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the Company's present and future business strategies and the environment in which the Company will operate in the future. These forward-looking statements speak only as at the date of this document. The Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Past business and financial performance cannot be relied on as an indication of future performance. This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: The Weir Group PLC via Thomson Reuters ONE [HUG#1561255]

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