Highlights
Record first-half revenue and profit in each division
Order intake up 9.4%
Order book of £208m, up 15.1% from December
Successfully integrating Soldo and Schischek
Acquisitions of Flowco, GTA and Renfro
Continued expansion of product portfolio
Interim dividend increased by 10.1%
Peter France, Chief Executive, commenting on the results, said:
"Our strategy of broadening our product offering and investing in our infrastructure has enabled us to grow order intake, revenue and profit all to record levels despite the weak economic conditions in some of our regions.
We continue to invest for further growth and anticipate that, as in previous years, the Group's performance in 2013 will be weighted towards the second half. The order book, project activity in the broad geographic regions we serve and our diverse end market exposure provide the Board with confidence of achieving further progress in the full year."
