Weir Group PLC Capital Markets Event Transcript
I would like to welcome everyone, and thank you for joining us at our Capital Market spotlight event. Great to see so many of you here in person, and I know we have a number of people from around the world joining us virtually. So welcome to all.
Before we start, I draw your attention to the usual cautionary notice on forward-looking statements. (Event Instructions)
So today, I'm pleased to announce a new operating margin target for Weir of 20% in 2026. In this presentation we'll outline how we'll achieve this by capitalizing on growth opportunities from smart, efficient and sustainable mining, and by delivering on our performance excellence transformation program, where we are updating our 2026 cost saving target to GBP60 million.
We are extremely confident in further expanding our margins and in setting this new target because of three key factors. We are a global mining technology leader. Our unique combination of world-class engineering solutions and intensive aftermarket support, deeply embeds us in our customer operations. We have a
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