Trading Statement

Wood Group (John) PLC 11 January 2005 John Wood Group PLC: Trading Update John Wood Group PLC, the international energy services company, issues the following pre-close period trading update in relation to the year ended 31 December 2004. The preliminary announcement of the results for the year will be made on 8 March 2005. The Board anticipates that the Group's EBITA for 2004 will be in line with expectations. In Engineering & Production Facilities, Engineering continues to win a high market share of the currently reduced deepwater market and is increasing its presence in other upstream as well as midstream and downstream areas. Production Facilities continues to benefit from the increased international spend by oil and gas companies as they seek to prolong and enhance production, and is further investing to broaden its international reach. Well Support continues to perform strongly with increasing activity levels, particularly in North and South America, Asia Pacific and Russia. In Gas Turbine Services, the difficult US power market conditions appear to have stabilised and the programme of cost reductions and efficiency improvements announced earlier this year is delivering the anticipated benefits. Sir Ian Wood, Chairman and Chief Executive, said, '2004 has been a challenging year for part of our business, but corrective actions have been taken and we continue to be confident of a return to acceptable growth in 2005'. - ends - For enquiries please contact Wood Group Alan Semple Finance Director +44 (0) 1224 851000 Nick Gilman Investor Relations Carolyn Smith Corporate Communications Brunswick Patrick Handley/ Nina Coad + 44 (0) 20 7404 5959 This information is provided by RNS The company news service from the London Stock Exchange
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