Amec Plc (LON:AMEC) Interview Extract
What in your view are the highlights of these results?
SB: Well, I'm very delighted with the record results which we have today. On the revenue basis, we have an increase of 13 per cent, and it's very important that we see that every division of ours has been also growing organically with some 6 per cent. We see the margin has improved with 40 basis points, at 7.9 per cent. The order book is a record order book, of GBP3.5b, and this demonstrates the quality of the order intake which we have, and also demonstrates the relationship which we have with our customers. I just can share with you some examples. If you go to EDF, the new build in the UK, the gas storage project. You see the relationship which we have with BP was an increase in the Clair Ridge business, whether it is with other businesses which we have with BP. You see that also on the Navy, which we have been getting now a major framework contract at the Pacific Region. And this gives a good testimony about how well AMEC is doing. We do also measurements on how much profit do we actually make per employee. And we have seen now, because of our own initiatives, we have an increase of 17 per cent for the period. And also, because of the confidence which we have in AMEC's future, we have increased our interim dividend because of the confidence which we have in the company, with 20 per cent, to 7.3p....
