Amec IMS November 2012

DividendMax Ltd.

Amec IMS November 2012


  • 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."

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