Company Profile For Foster Wheeler AG

Foster Wheeler AG, formerly Foster Wheeler Limited, operates through two business groups: Global Engineering and Construction Group (Global E&C Group) and Global Power Group. The Global E&C Group, which operates worldwide, designs, engineers and constructs onshore and offshore upstream oil and gas processing facilities, natural gas liquefaction facilities and receiving terminals, gas-to-liquids facilities, oil refining, chemical and petrochemical, pharmaceutical and biotechnology facilities and related infrastructure, including power generation and distribution facilities, and gasification facilities. The Global Power Group designs, manufactures and erects steam generating and auxiliary equipment for electric power generating stations and industrial facilities worldwide.

BRIEF: For the thirty-nine weeks ended 30 September 2009, Foster Wheeler AG's revenues decreased 27% to $3.79B. Net income decreased 33% to $285.1M. Revenues reflect decreased sales from Global E&C Group segment and lower revenue from Global Power Group segment. Lower loss reflect an increase in expenses related to goods sold as a percentage of sales, lower interest income and the presence of asbestos-related expenses.