Trading update


 

TIDMCOST 
 
RNS Number : 4746O 
Costain Group PLC 
30 June 2010 
 

Costain Group PLC 
("Costain" or "the Group") 
 
Trading update 
 
Costain, which will announce interim results for the six months ended 30 June 
2010 on Wednesday 25 August 2010, is issuing the following trading update ahead 
of entering its Close Period. 
 
Since the announcement of the Group's Interim Management Statement on 6 May 
2010, the Group has continued to perform in-line with the Board's expectations. 
 
Costain has again demonstrated its resilience in an uncertain economic 
environment. 
 
The Group's operations continue to benefit from its strategy to focus on 
targeted blue chip customers whose major spending plans are underpinned by 
strategic national needs, regulatory commitments or essential maintenance 
requirements in chosen sectors. In this regard, it is encouraging that the 
Government has recently reiterated its commitment to maintain investment in key 
major infrastructure schemes. 
 
In line with its strategy, the Group has recently amalgamated its Environment 
and Community activities into a single enlarged division, which will focus on 
new opportunities particularly in the water and waste markets and meeting the 
needs of their existing long-term customer relationships. Its Infrastructure and 
Energy & Process divisions will continue to target opportunities in their 
markets. 
 
As a result of a number of significant new contract awards since the beginning 
of the year, the Group has a forward order book of GBP2.5 billion.  Circa GBP1.0 
billion of work has been secured for 2010. In addition, the Group has Preferred 
Bidder positions of over GBP500 million. 
 
The Group has maintained its strong net cash position of in excess of GBP100 
million, and has no significant borrowings. 
 
The Group will today and tomorrow host a site visit for analysts to its 
operations, which will include the major M1 Junction 10 - 13 managed motorway 
project, and the UK's largest waste to energy plant being constructed at 
Belvedere. 
 
No new material information will be disclosed and all presentations will be 
posted on the Group's web site at www.costain.com. 
 
30 June 2010 
 
Enquiries: 
 
+------------------------------+------------------------------------+ 
| Costain                      |                 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                |                                    | 
+------------------------------+------------------------------------+ 
 
 
 
Notes to Editors 
Costain is an international engineering and construction group with a reputation 
for technical excellence founded on more than 140 years of experience. The 
Company's business segments are in Infrastructure (Highways, Rail, Nuclear and 
Airports), Environment (Water, Waste and Marine), Community (Health, Education 
and Retail), Energy & Process and Property Development. 
The Company is focused on market sectors where it expects there to be a 
significant investment over the next few years and where it can build and 
maintain strong positions. 
It has worked on a number of significant infrastructure projects in the UK, 
including the St Pancras railway station and the Channel Tunnel Rail Link, and 
is currently working on a number of significant projects including the municipal 
waste treatment infrastructure for the Greater Manchester Waste Disposal 
Authority and EVAP D at Sellafield, one of the largest nuclear projects in the 
UK. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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