Amec IMS November 2012

DividendMax Ltd.

Amec IMS November 2012

Highlights

  • Year-to-date trading in line with expectations
  • Order intake and forward visibility remain good
  • Order book 3.6 billion (October 2011: 3.3 billion; June 2012: 3.7 billion)
  • Integration of two acquisitions year-to-date on track
  • Approximately 300 million of shares purchased under 400 million share buyback programme

AMEC Chief Executive Samir Brikho said:

"AMEC continues to make good progress in 2012, reflecting in particular a strong performance in the conventional oil and gas sector.

"Demand for our services and investment in our end markets remain good, despite the on-going economic uncertainty. Our new, more agile structure will open up additional opportunities across customers, markets and geographies, which will support further growth.

"We are on track to deliver double-digit underlying revenue growth for the full year and we expect to deliver good growth in 2013. We continue to target EPS of greater than 100 pence before 2015."

Companies mentioned