Chief Executive, Jonathan Lewis said:
Operational discipline has improved, we have more than delivered on our cost saving targets and we have also seen the first tangible signs of sustainable growth: in the retained operations, trading margin is up 180 basis points compared to H1 last year with a 2% increase in the order book since the year end.
Although, as expected, some of our end markets remain challenging, I am pleased that we are making progress across the business – reinforcing the value of a multi-discipline and multi-market customer offering.
Looking forward, I am confident Amec Foster Wheeler is now moving in the right direction, and I believe that our people and shareholders will have an exciting future as part of the Wood Group, once the deal closes in the fourth quarter."
Half-year results 2017
Jon Lewis, CEO and Ian McHoul, CFO, discuss Amec Foster Wheeler’s half-year results and provide an update on the transformation programme that has seen operational changes, efficiency and cost savings and disposal of non-core assets
Download documents relating to the half-year 2017 results
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