Wood Group Wins National Business Award

Wood Group won the Hymans Robertson Business of the Year award at the 2007 National Business Awards for Scotland held in Glasgow on September 13th. The award was in recognition of its delivery of record results in 2006. This comes after winning the Queen's Award for Enterprise in International Trade for a second time and receiving the Scottish Engineering President's Award for outstanding achievement.

"All the winners of the National Business Awards for Scotland demonstrate drive, passion and optimism for business," said Graeme Good, head of direct channels of London-based Orange Business Services, which sponsored the event. "We are proud to be associated with such successful Scottish business talent and congratulate all the winners on achieving this fantastic accolade."

The UK's leading offshore contractor and major international energy services firm, Wood Group beat out heavy competition from two-time winner MediaCom Scotland, Monster Scotland, Petroleum Experts and Petrotechnics. The company's record results in 2006 earned the award: revenues grew by 26 per cent to $3,468.8m and EBITA grew 44 per cent to $215.1m, while staff numbers grew by 25 per cent to 20,000.

The National Business Awards for Scotland recognizes and rewards excellence, innovation and success. Uniquely open to organizations of all sizes and from any industry sector - public or private - the best of Scottish businesses are able to showcase their achievements and benchmark their successes against firms and bodies of all types. The 2007 competition has been the toughest so far, with combined revenues of £16 billion and a total workforce of more than 750,000 people.