Interim Management Statement (9657F)
2011年5月5日 - 3:00PM
RNSを含む英国規制内ニュース (英語)
TIDMCOST
RNS Number : 9657F
Costain Group PLC
05 May 2011
Costain Group PLC
("Costain" or "the Group")
AGM and Interim Management Statement
Costain is issuing, ahead of its AGM to be held later today, an
Interim Management Statement covering the period from 1 January
2011 to the current date.
Overview
Following on from its strong performance in 2010, and despite
well-publicised uncertain market conditions, the Group is
continuing to perform well and trading is in line with the Board's
expectations.
The Group is successfully implementing its "Choosing Costain"
strategy, building the Group into one of the UK's top solutions
providers and focussing on work for blue chip customers whose major
spending plans are underpinned by strategic national priorities,
regulatory commitments or essential maintenance requirements in
chosen sectors.
In April 2011, the Group announced the acquisition of
ClerkMaxwell Limited, an Aberdeen-based front-end engineering and
operations support services provider operating in the upstream oil
& gas sector, for GBP3.2m in initial cash consideration. This
acquisition is indicative of how, under the "Choosing Costain"
strategy, the Group is broadening its service offering, in this
case enhancing and complementing the Group's capabilities in its
existing oil and gas operations.
Order book
The Group has continued to secure significant new contract
awards since the beginning of the year, and as a consequence
currently has a robust order book of GBP2.3 billion. In addition,
it has preferred bidder positions of over GBP400 million.
To date over GBP850 million of revenue has been secured for
2011.
Since reporting the preliminary results in March, the level of
tendering activity in the Group's targeted markets of
Infrastructure, Environment and Energy & Process has remained
high.
Financial Position
There has been no material change in the financial status of the
Group, which continues to have a strong cash position of in excess
of GBP100 million, and has no significant borrowings.
Outlook
With trading in line with the Board's expectations, a strong
cash position and ongoing delivery on its stated strategy, through
a combination of organic growth and selective acquisitions where
suitable earnings-enhancing opportunities arise, the Board is
confident of further progress in 2011.
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
Helen Tarbet
This information is provided by RNS
The company news service from the London Stock Exchange
END
IMSQZLFBFEFXBBV
Costain (LSE:COST)
過去 株価チャート
から 6 2024 まで 7 2024
Costain (LSE:COST)
過去 株価チャート
から 7 2023 まで 7 2024