Wood Groop revenue goes up 10 pct

Wood Groop revenue goes up 10 pct

Wood Group reported a total revenue of $3,801m in the first half of this year, up 10% compared to the same period in 2013.

The company’s total EBITA was at $243.9m, in line when compared with the first half in 2013.

Bob Keiller, CEO of Wood Group said: “We have seen strong performance in our PSN Production Services activities in the US shale market, offset by an anticipated lower contribution from Upstream Engineering and weaker than expected performance in our Turbine Activities.

“Overall, the outlook for the Group for the year remains unchanged from the position outlined at our December 2013 trading update; we continue to anticipate full year EBITA to be in line with expectations and up on 2013, led by growth in PSN Production Services.”

 

Press Release, August 19, 2014; Image: Wood Group