LONDON (dpa-AFX) - Weir Group plc (WEIR.L), on Thursday, reported FY23
statutory profit after tax of £229 million or 88.2p per share versus £214
million or 82.5p per share last year. Statutory profit before tax was £321
million, 23% higher than the prior year's £260 million.

Adjusted profit before tax amounted to £411 million or 115.9p per share compared
to £348 million or 98.4p per share in the year 2022.

Revenue for the year 2023 rose 7% to £2.636 billion from £2.590 billion
generated in the year 2022.

Jon Stanton, Chief Executive Officer said, '.We executed well, delivering strong
growth in revenue and profit, expanding operating margins in excess of our 2023
target, achieving consistent cash conversion and significant improvement in
return on capital employed. As we go into 2024, we have a growing installed
base, a strong order book and ore production trends in our mining markets are
positive. We expect to deliver another year of growth in revenue, profit and
cash generation, and to further expand our operating margins with progress
towards our 2026 target of 20%.'



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