WOOD GROUP (JOHN) PLC: Interim Management Statement

4 October 2013 
                    Interim Management Statement 
John Wood Group PLC ("Wood Group" or "the Group") issues the following 
Interim Management Statement.  
A full year trading update will be released on 12 December 2013. 
The Group continues to deliver good growth and is confident of achieving 2013 
performance in line with expectations. Our outlook for 2014 remains unchanged 
from that outlined in our recent interim results announcement. 
Wood Group Engineering is performing well and is expected to deliver EBITA 
growth of c.10 - 15% in 2013. In Upstream, our Mafumeira Sul and Ichthys 
projects are making a good contribution and remain on schedule to be 
substantially completed around the year end, and we continue to be active 
on a range of other projects. As expected, our business in Western Canada 
has remained subdued. In Subsea & Pipelines, we are seeing good activity 
across our principal hubs and are benefitting from US shale related onshore 
pipeline work. Downstream, process & industrial is on track to deliver an 
improved performance over 2012. 
In Wood Group PSN, growth is being led by our US onshore shale related 
business, 
where we now have over 1,900 people. Activity levels in the North Sea remain 
robust, following a significant number of contract renewals during the period. 
Internationally, we have begun to mobilise our brownfield engineering and 
procurement contract with ExxonMobil in Papua New Guinea. In Oman, we continue 
to expect an improvement in underlying financial performance for the full year. 
In Wood Group GTS, we continue to expect that 2013 EBITA will be slightly 
ahead of 2012. Maintenance performance is benefitting from cost reduction 
initiatives, particularly in our power plant services business. In Power 
Solutions, the NRG and Pasadena projects are now complete and the Dorad 
contract 
is on track to complete around the year end. 
We anticipate improved operating cash flow in the second half, and our strong 
balance sheet provides a good platform for growth. 
Overall, the Group is confident of achieving full year performance in line 
with expectations. 
- ends - 
Notes to editors: 
Wood Group is an international energy services company employing around 43,000 
people worldwide and operating in over 50 countries. The Group has three 
businesses - Wood Group Engineering, Wood Group PSN and Wood Group GTS - 
providing 
a range of engineering, production support, maintenance management and 
industrial 
gas turbine overhaul and repair services to the oil & gas, and power generation  
industries worldwide. www.woodgroup.com 
Enquiries: 
Wood Group
Nick Gilman - Group Head of Investor Relations and Corporate Communications
Andrew Rose - Investor Relations Manager
Carolyn Smith - Director of Corporate Communications, Eastern Hemisphere
01224 851000 
Brunswick
Patrick Handley
Rosheeka Field
020 7404 5959 
END 
-0- Oct/04/2013 06:00 GMT
 
 
Press spacebar to pause and continue. Press esc to stop.