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Costain reports £4bn order book

cash

Contractor Costain took an order book of almost £4bn into this year.

It said in a trading update that it had £3.9bn of work secured on 31 December 2015.

Costain said £1.1bn of this work was for 2016.

It added that it was also preferred bidder for more than £500M more work, and was actively tendering for jobs across its target markets.

Costain said it expected to deliver full year results in line with expectations, when they are reported in March.

Chief executive Andrew Wyllie said: “Costain has had another good year.

“We also have good visibility over the medium-term, having finished the year with a record order book and a strong net cash position, providing confidence for the future.”

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