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The Weir Group PLC
19 June 2013
CAPITAL MARKETS DAY PRESENTATION AND CURRENT TRADING
The Weir Group will today hold a Capital Markets presentation for shareholders and analysts in London, which will focus on the Power & Industrial Division, providing an overview of its operations, market positioning and strong medium term outlook which underpins its aim of delivering high single digit revenue growth and 13-14% operating margins over the medium term.
The presentation will also focus on the Group's development of operational excellence across the value chain, highlighting how progress in areas such as engineering, procurement, supply chain and lean manufacturing is benefiting customers and suppliers and supporting Weir's growth ambitions. Case studies from Weir Minerals Africa and Weir SPM will demonstrate progress in these areas over the past two years.
Weir will also confirm trading in April and May was in line with expectations, as communicated in the Interim Management Statement of 1 May 2013 (for the quarter ended 29 March 2013).
Keith Cochrane, Chief Executive, will highlight that the Group is capable of delivering average annual organic revenue growth of 5%-10% over the cycle and superior returns, as evidenced by Weir's strong track record of profitable growth.
A webcast of the presentation will be available on the Group's website (http://www.weir.co.uk) from 8pm on the 19th June.
|Contact details: The Weir Group PLC|
|Andrew Neilson, Head of Corporate Affairs & Strategy||Tel: + 44 141 308 3750|
|Jonathan Milne, Group Communications||Tel: + 44 141 308 3781/ + 44 7713 789536|
|Brunswick Group: Patrick Handley / Will Carnwath||Tel: + 44 207 7404 5959|
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