Amec to Boost Earnings by 2015

6 December 2009 (Last Updated December 6th, 2009 18:30)

Engineering giant Amec said it aims to double its earnings per share in 2015 with a focused capital structure as part of new growth and development plans. The goal is to more than double the earnings per share to over 100p in 2015 (2008: 43.4p). The company’s revenue growth t

Engineering giant Amec said it aims to double its earnings per share in 2015 with a focused capital structure as part of new growth and development plans.

The goal is to more than double the earnings per share to over 100p in 2015 (2008: 43.4p).

The company’s revenue growth to 2015 is targeted to be ahead of the 8% annual compound average achieved since 2006, which will increase the annual revenues from the current £2.6 to £4bn.

Amec is expecting further margin improvement in 2015, with the growth rate at more than 8.5% achieved over the last three years.

Amec’s chief executive Samir Brikho said the company aims to become the leading supplier of “high-value” consultancy, engineering and project management services to the world’s natural resources, nuclear, clean energy, water and environmental sectors.

“AMEC intends to increase levels of investment, with acquisitions seen as the most attractive use of cash,” Brikho said.