Amec sets out plan to double EPS by 2015

Amec, the energy services company, announced Friday its intention to more than double earnings per share by 2015.

Amec said in a statement that it expected to increase earnings per share to over 100 pence 2015 from 43.4 per cent achieved last year.

Chief executive Samir Brikho unveiled company's 'Vision 2015' strategy on Friday and said the company would make acquisitions in Australia, South America and the Middle East to pave way for additional earnings.

Mr. Brikho further added that company would invest in natural resources, clean energy, water, nuclear, and environmental sectors.

Amec also confirmed that it was on track to meet its long term EBITDA margin target of 8.5 per cent in 2010. It is expecting a margin of 8 per cent for the current year.

Nevertheless, shares in Amec slipped 6 pence to 818.5 pence.