Q3 2019 Weir Group PLC Interim Management Statement Call Transcript

Nov 05, 2019 / 08:00AM GMT
Operator

Ladies and gentlemen, thank you for standing by, and welcome to The Weir Group PLC Q3 2019 Interim Management Statement. (Operator Instructions) I must advise that the call is being recorded today, Tuesday, the 5th of November 2019.

And without any further delay, I would now like to hand over the call to your first speaker today, Jon Stanton. Thank you. Please go ahead.

Jonathan Stanton - The Weir Group PLC - CEO & Director

Thank you, operator, and good morning, ladies and gentlemen, and thank you for joining us for our third quarter interim management statement. As usual, I'm here in Glasgow with our CFO, John Heasley, and we'll be delighted to take any questions you have shortly.

First, let me start with a summary of the group's performance in the third quarter, where orders increased 4% year-on-year and were flat excluding ESCO. Group revenues on a constant currency basis were in line with expectations for Minerals and ESCO, while Oil & Gas reflected weaker market conditions. The group generated a positive book-to-bill ratio of 1.08

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