Wood Group revenue climbs

Wood Group posted a revenue of $7,616.4m in 2014, up 7.8% compared to the year before.

The company’s EBITA was at $549.6m, a rise of 3.1% as compared to 2013.

Performance was  in line with Wood Group’s expectations, led by strong growth in Wood Group PSN Production Services, the company said in a statement on Tuesday.

The Group performed well in 2014, delivering in line with expectations against a backdrop of a steep decline in oil price towards the end of the year,” Ian Marchant, Chairman of Wood Group said.

“In line with our focus on customer efficiency, we are also implementing internal cost and efficiency measures to ensure we remain competitive.”

“As we look to 2015, we expect financial performance to demonstrate the quality of our people and the relative resilience of our business in a challenging market, and we will see the full year benefit from completed acquisitions,” he concluded.

 

Image: Wood Group

Share this article

Follow LNG World News

Events>

<< Apr 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

Flame 2020

Flame is Europe’s largest and most influential meeting place for the global gas industry.

read more >

4th PNG Petroleum & Energy Summit

The CWC Group, in partnership with Kumul Petroleum Holdings Ltd.

read more >

FSRU World Congress 2020

FSRU World Congress 2020 will therefore focus on further Commercialising FSRUs through LNG-to-Power…

read more >

CWC World LNG & Gas Series: 12th Asia Pacific Summit

The 2020 Summit will offer an unrivaled programme covering relevant and significant discussion topics…

read more >