Trading Update

    RNS Number : 2758L
  Costain Group PLC
  08 January 2009
   

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

    Trading Update

    Costain, which will announce preliminary results for the year ended 31 December 2008 on Wednesday 11 March 2009, is issuing this trading
update ahead of entering the Close Period.

    Trading during the latter half of 2008, and therefore for the year as a whole, remained in-line with the Board's expectations.  

    The Group maintained its strong cash position significantly in excess of �100 million.

    The Group's operations continue to benefit from the strategic focus on targeted blue chip customers in chosen sectors. Costain has
started the new year with a strong order book and pipeline.

    As at 31 December 2008 the Group's Forward Order Book was a record �2 billion, a 25% increase on the previous year (2007: �1.6 billion)
and included over �700 million of work secured for 2009.

    The order book has recently benefited from a number of major contract awards including Tesco Gerrards Cross, Gloucestershire Royal
Hospital and the 5-year MAC 7 maintenance contract for the Highways Agency.  

    In addition, the Group has increased its Preferred Bidder positions to over �1 billion (2007: over �800 million).
    
Andrew Wyllie, Chief Executive, commented:

    "Costain is demonstrating its resilience in the current economic environment. We have a range of excellent customers who are expected to
continue with their investment programmes, a strong cash position, a focussed management team and an ongoing rigorous management of costs."

     8 January 2009

      ENQUIRIES:

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

 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
 
  END 
 
TSTUBRVRKORARAR

Costain (LSE:COST)
過去株価チャート
から 6 2024 まで 7 2024