AMEC plc Interim Management Statement 12 Nov 2008
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Record year to date trading performance
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2008 group EBITA margin in excess of 6.5% confidently expected
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Continued strength in demand, led by Natural Resources order book up 12% this year
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Over £600 million average net cash expected in 2008 after year to date acquisitions,
share buybacks and business disposals
Chief Executive Samir Brikho said:
“Demand for our services has remained strong and we are confident of delivering a margin in excess of 6.5 per cent this year. Our clients remain focused on long-term fundamentals and we continue to see a strong and diverse range of attractive prospective contracts across the business.
“AMEC’s net cash position is exceptionally strong. We look to the future with measured confidence and continue to monitor opportunities for growth through selective acquisition.”
