Wellstream Holdings Sees Trading In Line With Views
July 02 2009 - 2:41AM
Dow Jones News
Wellstream Holdings PLC (WSM.LN), a designer and manufacturer of
flexible risers and flowlines for the oil and gas industry,
announced Thursday ahead its results for the Half Year ended Jun.
30 on Aug. 20, trading remains broadly in line with the Board's
expectations.
MAIN FACTS:
-The Company delivered strong operational performance
-Order backlog remains in excess of GBP220 million securing over
90% of 2009's anticipated revenues.
-The Pyrenees project for BHP Billiton (BLT.LN) is progressing
well
-Final pipe deliveries are complete
-Seastream's offshore installation work is expected to be
completed before year end.
-By London Bureau, Dow Jones Newswires; Contact Ian Walker; +44 (0)20 7842 9296; ian.walker@dowjones.com