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Insider UK
Insider UK
Business
Peter A Walker

Weir reports record orders, driving profits up by a quarter

Weir Glasgow

Weir has reported record demand for spares and equipment, driving adjusted operating profit up by a quarter to £395m.

The Glasgow-based group's results for the year ended 31 December 2022 also showed that on a constant currency basis, year-on-year order growth stood at 14%.

Demand for asset management was particularly strong and constant currency orders grew 17% year-on-year, reaching record levels.

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