Costain Group PLC Trading Update (1408R)

TIDMCOST

RNS Number : 1408R

Costain Group PLC

25 June 2015

Costain Group PLC

("Costain" or "the Group")

Trading Update

Costain, the engineering solutions provider, today issues a trading update ahead of its interim results for the six months ended 30 June 2015.

The Group remains on course to deliver a result for the year in line with the Board's expectations.

Further new contracts and extensions were secured during the first half of the year as Costain continues to provide innovative and integrated services to customers meeting critical national needs in energy, water and transportation.

Contract awards include the development of the M4 corridor around Newport for the Welsh Government; the underground link between the Crossrail and Bakerloo Line platforms at Paddington station; and two sections of the A14 improvement scheme for Highways England.

The order book has increased to a record level of GBP3.7 billion (30 June 2014: GBP3.2 billion), up from GBP3.5 billion at 31 December 2014. The long-term strategic relationships which Costain holds with its customers are demonstrated by the fact that over 90% of the order book comprises repeat orders.

In addition, Costain maintains a strong preferred bidder position of over GBP500 million, and tendering activity remains high.

Interim Results

Costain will announce interim results for the six months ended 30 June 2015 on Thursday 20 August 2015. There will be a presentation to analysts at 9:30am that morning at the offices of Instinctif Partners, 65 Gresham Street, London EC2V 7NQ.

25 June 2015

Enquiries:

 
           Costain                                                Tel: 01628 842 444 
           Andrew Wyllie CBE, Chief Executive 
           Tony Bickerstaff, Finance Director 
            Catherine Warbrick, Investor 
            Relations 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

END

TSTUSUVRVSANUAR

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