Costain Group PLC Pre-Close Trading Update (5542K)
2014年6月26日 - 3:00PM
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RNS Number : 5542K
Costain Group PLC
26 June 2014
Costain Group PLC
("Costain" or "the Group")
Pre-Close Trading Update
Costain, one of the UK's leading tier one engineering solutions
providers, today issues a pre-close trading update ahead of its
interim results for the six months ended 30 June 2014, which will
be announced on Thursday 21 August 2014.
Trading update
Costain remains on course to deliver a result for the year in
line with the Board's expectations.
During the first half of the year Costain has won major new
contracts and extensions as it continues to implement its
'Engineering Tomorrow' strategy, delivering innovative solutions to
the UK's most crucial and complex infrastructure needs.
Awards announced in the period include appointment to the
Network Rail GBP2bn National Electrification Programme; the
Crossrail North East Spur contract for Network Rail; appointment to
three transmission frameworks with National Grid and a further
Barrow Gas Terminals contract with Centrica.
As a consequence, the forward order book has increased to a
record level of GBP3.2 billion from GBP3.0 billion as at 31
December 2013. The reputation which Costain holds amongst its
customers is demonstrated by the fact that over 90% of the order
book comprises repeat orders.
In addition, Costain continues to maintain a strong preferred
bidder position of over GBP400 million. Currently, over GBP950
million of revenue has been secured for 2014.
The overall level of tendering activity across the Group's
targeted markets remains high.
Interim Results
Costain will announce its interim results for the six months
ended 30 June 2014 on Thursday 21 August 2014. There will be a
presentation to analysts at 9:30am that morning at the offices of
Instinctif Partners, 65 Gresham Street, London EC2V 7NQ.
26 June 2014
Enquiries:
Costain Tel: 01628 842 444
Andrew Wyllie, Chief Executive
Tony Bickerstaff, Finance Director
Graham Read, Communications Director
Instinctif Partners Tel: 020 7457 2020
Mark Garraway
Helen Tarbet
This information is provided by RNS
The company news service from the London Stock Exchange
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