£300m target for Amec E-mail
Monday, 25 June 2007

Amec has revealed that its average net cash in 2007 is expected to exceed £300million.                  

In addition it’s trading in core businesses, continues to be strong, particularly in Natural Resources. The board has also increased its overall expectations for 2007 by £10 million.

Chief Executive, Samir Brikho, said:
"I am pleased to report that trading in our core energy and process businesses continues to be strong and that we are now benefiting from our STEP Change programme earlier than planned. Our overall expectations for 2007 are increased by £10 million.

We are making good progress in the divestment of our non-core businesses and settlement of legacy issues, our balance sheet is strong, and with average net cash of over £300 million, AMEC is very well placed for the next phase of its development."

AMEC expects to announce interim results for the six months ending 30 June 2007, on Thursday 6 September.

 

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3-5th March 2009 - Earl's Court, London

 

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