Source - SMW
Wood Group said the integration of Amec Foster Wheeler was progressing ahead of plans, as it forecast annual operating earnings of up to $355m.

The services company said that full-year Ebita, comprising the heritage Wood Group business and a contribution from Amec, would be in the region of $335m to $355m.

Reflecting current trading conditions and typical second-half weighting of profit in both heritage Wood Group and AFW,  it estimated that 2017 proforma EBITA from continuing businesses would be in the region of $590m to $610m.