# Weir Group Announces 2026 Operating Margin Target of 20%

- Link: https://www.directorstalkinterviews.com/weir-group-announces-2026-operating-margin-target-of-20/4121135320
- Published: 2023-12-06T07:31:46+00:00
- Author: Ethan Davis

**The Weir Group PLC** (LON:WEIR) will today hold a Capital Markets Event via live
webcast.

The event will focus on our journey to sustainably higher operating margins, and
how we will achieve an operating margin of 20% in 2026, through:

–     Operating leverage: Delivering on our growth prospects from smart, efficient
and sustainable mining

–     Performance Excellence: Target upgraded from £30m to £60m in absolute savings
in 2026

**Jon Stanton, Chief Executive Officer, said:**

_“__Today, I am delighted to announce our new Group operating margin target of 20%
in 2026. Since completing our portfolio transformation in 2021, we have been on 
a journey to sustainably higher margins and are on track to deliver an operating
margin of 17% this year._

_“I am confident and excited to move into this next phase, with our margin expansion
journey well underpinned. Strong structural growth trends in our markets, the benefits
of our resilient compounding business model and opportunities from our Performance
Excellence transformation programme mean we are well placed to deliver excellent
outcomes for all stakeholders as a focused mining technology leader.”_

Conditions in our markets and the 2023 guidance provided in our Q3 trading update
of 1 November 2023 are unchanged.

The presentation for the event will be made available at www.global.weir/investors
at 2pm (GMT) today. Interested parties can also use this link to register for the
event.

A recording of the webcast will be made available following the event.

Founded in 1871, The Weir Group PLC is one of the world’s leading engineering businesses
with a purpose to make its mining and infrastructure customers’ operations more 
sustainable and efficient. Weir’s highly engineered technology enables critical 
resources to be produced using less energy, water and waste while reducing customers’
total cost of ownership. The Group is ideally positioned to benefit from structural
trends that support long-term demand for its technology including the need for more
essential metals to support economic development and carbon transition. The Group
has c.12,000 employees operating in over 60 countries with a presence in every major
mining region of the world.

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