Wood confident of meeting profit forecasts
The Aberdeen-based group, which employs 43,000 people in 50 countries, said activity in the North Sea remain “remains strong”, with its PSN subsidiary having won a string of contract extensions in recent months.
Its engineering division is on course to achieve growth in underlying pre-tax profits of about 15 per cent, while its GTS gas turbine maintenance business has seen an upturn in activity after a sluggish first quarter.
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Hide AdThe company said: “Looking further ahead, our strong balance sheet, market fundamentals, leading positions, and balance of opex and capex related activities position the group well for longer-term growth.”