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Amec announces interim results

British construction giant Amec said the company had order book of £3.1 billion at the end of October (31 October 2009: £3.0 billion; June 2010: £3.5 billion). New order intake year-to-date is significantly above the same period last year, having developed via a mix of new contract awards, project extensions, scope changes to existing contracts and walk-in work. The average number of employees was 22,200 in the period January to October, up200 on the average for the first six months of the year, and by almost 900 since the same period last year.

Group EBITA margin is expected to be around 9.0 per cent in 2010, on the back of improvements in operational efficiencies supported by growth in core sectors, although margin pressure from the customer base continues.




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