Press Release

Amec boasts of an order book strong at £3.2 billion Read it all..

24 November 2008,  NDA Press Release

The Nuclear Decommissioning Authority (NDA) today completed one of the UK’s largest and most complex public procurement programmes when the shares in Sellafield Ltd transferred from British Nuclear Fuels Ltd to a specially created private sector consortium – Nuclear Management Partners Ltd.

Nuclear Management Partners Ltd (NMP) will own the shares in Sellafield Ltd for up to 17 years, the potential length of new and updated contracts between the NDA, NMP and Sellafield Ltd. The value of the work covered is worth £1.3bn in its first year and over the full lifetime of the contract approximately £22bn. Read it all..

• Record year to date trading performance
• 2008 group EBITA margin in excess of 6.5% confidently expected
• Continued strength in demand, led by Natural Resources order book up 12% this year
• 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.”

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