Interim Management Statement

    RNS Number : 6510F
  Costain Group PLC
  13 October 2008
   

    Costain Group PLC 
    ("Costain" or the "Group")


    Interim Management Statement

    Costain is issuing its Interim Management Statement covering the period from 1 July 2008 to the current date.


    Overview

    Following a strong set of results for the first half of 2008, the Group is continuing to perform in-line with the Board's expectations 

    Order Book 

    The Group's Forward Order Book has been maintained at the half year's record level of over �2 billion following a number of recent
contract awards including the �80 million retail park contract in Newbury and the �120 million Riverside waste contract at Belvedere. In
addition, the Group has maintained its strong Preferred Bidder Position at �1 billion-plus.
    
Outlook

    The Group's strategic focus has provided Costain with a resilient platform in the current uncertain environment and the Board remains
confident that the outcome for 2008 will be in line with its expectations.

    Looking forward to next year, the Group has secured over �600 million of work for 2009, which is ahead of the position for 2008 at this
time last year.  We have deliberately targeted blue-chip customers who we believe will, despite the current economic environment, continue
with their investment programmes.  The Group has an excellent pipeline of opportunities that will see all of Costain's tendering and
estimating teams fully deployed for the rest of the year.

    Costain has a strong cash position, a record order book and no significant borrowings which, allied to the ongoing rigorous management
of costs, places the Group in a good position in the current uncertain economic environment. 

    13 October 2008
    ENQUIRIES:

 Costain Group PLC                   Tel: 01628 842 444
 Andrew Wyllie, Chief Executive
 Tony Bickerstaff, Finance Director
 Graham Read, Public Relations

 College Hill                        Tel: 020 7457 2020
 Mark Garraway    
 Adam Aljewicz


This information is provided by RNS
The company news service from the London Stock Exchange
 
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