Amec Foster Wheeler 2015 final results

DividendMax Ltd.

Amec Foster Wheeler 2015 final results

Summary:

·      2015 trading performance and proposed final dividend of 14.2p in line with November update

·      Year end net debt £946m lower than guidance, with £50m Longview settlement paid in Q1 2016

·      GPG: non-cash impairment charge of £308m in 2015

·      £6.6bn order book gives confidence for the year ahead

·      Refinancing completed in March 2016

·      Objective to halve net debt over next 15 months, through non-core disposals (including GPG) and cash generation

·      Search for new CEO progressing well

Companies mentioned