Amec Foster Wheeler H1 revenue 2.33 bln STG vs 2.84 bln STG [Reuters]
AMEC FOSTER WHEELER PLC (AMFW)
US:NYSE Investor Relations:
amecfw.com/investors
Company Research
Source: Reuters
Amec Foster Wheeler H1 revenue 2.33 bln STG vs 2.84 bln STGAug 10 (Reuters) - Amec Foster Wheeler Plc :£159m proceeds from non core disposal programme in H1, £229m in total since Q4."First wave of benefits of transformation programme we began last year is now evident".H1 underlying revenue down 24%.In retained operations, trading margin is up 180 basis points compared to H1 last year.Offer from John Wood group remains on track to complete in Q4.2% increase in order book since year end.H1 trading profit 162 million STG versus 177 million STG.Oil, gas & chemicals - "in north america we completed restructuring of us business returning business to a small profit in H1 2017".OGC order book fell 3% during first half to £2.9bn.H1 trading cash flow 81 million STG versus 125 million STG.H1 revenue 2,333 million STG versus 2,842 million STG.H1 trading margin 7.0% versus 6.2%.H1 order book total 5.6 billion STG versus 6.2 billion STG.
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