Jonathan Lewis, CEO said:
“I am encouraged that the first wave of benefits of the transformation programme we began last year is now evident.
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.”
Download documents relating to the half-year 2017 results
Half-year results 2016
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
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