The Weir Group PLC Preliminary Results 2003

17.03.2004

The Chairman of the Weir Group, Sir Robert Smith, commented: "In 2003 the Group's continuing operations delivered increased order input, turnover and operating profit year on year and maintained a strong level of cash generation.

"The 2003 result was shaped by operational improvements, new product development and successful geographic expansion. These activities, together with the economic uplift we are beginning to see in a number of our sectors, are expected to contribute to an improving performance into 2004, although we remain cautious about the impact of currency movements on the translation of overseas profits. As with previous years, our order book indicates that much of this progress will be delivered in the second half of the year.

"Our solid balance sheet with zero net debt ensures we are well positioned to take advantage of strategic growth opportunities that may arise."

More information including tables can be found on the Company's website.

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