19th May 2005 12:00
Wood Group (John) PLC19 May 2005 19th May 2005 John Wood Group PLC ("Wood Group") Chairman's AGM Statement "On track for a return to acceptable growth in 2005" At today's Annual General Meeting, Sir Ian Wood, Chairman and Chief Executive ofWood Group, the international energy services provider, commented: "In 2005, our strong position in key growth segments in Oil & Gas marketsworldwide and the actions taken to improve the results in our under-performingareas are providing the anticipated improvement in trading results in the earlymonths of the year. "In Engineering and Production Facilities, we are winning a range of newcontracts, including the provision of detailed design to the East Area NaturalGas Liquids project offshore Nigeria and, as part of a joint venture, therecently-awarded provision of FEED and EPCM services to Greater Gorgon, a majorgas development offshore Western Australia. "Well Support is continuing to make good progress in strong Oil & Gas marketsround the world, and in Gas Turbine Services we are winning further long termcontracts, including the Alliant F-Tech service contract announced today. "Overall, we confirm our confidence that 2005 will see a return to acceptablegrowth." Contacts Alan Semple (Group Finance Director)/ 01224 851 000Nick Gilman (Group Investor Relations Manager)Carolyn Smith (Group Corporate Communications Manager)Patrick Handley (Brunswick Group LLP) 020 7404 5959 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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