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Trading statements

Costain on track after strong first half

04 July 2017 07:16

Costain said trading during the first half had again been strong and the group was on course to deliver results for the year in line with the board's expectations.

Costain said its 'Engineering Tomorrow' strategy enabled the group to provide a range of integrated, innovative services demanded by its customers to safeguard security of supply, increase capacity, improve customer service and drive efficiency across their infrastructure programmes. T

It said: "Rhese customers are spending billions of pounds on programmes underpinned by legislation and regulation." Costain said the order book at 30 June stood at £3.7 billion, of which over 90% was represented by repeat orders which reflected the strength of its long-term relationships with its customers (30 June 2016: £3.9 billion).

The group also had a preferred bidder position of over £400 million and tendering levels remain high.

Story provided by StockMarketWire.com

Related Company: COST

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