Costain reveals a £3.9bn 2016 order book

Costain reveals a £3.9bn 2016 order book

Costain has closed out the year with a record order book totalling £3.9bn – up £400m on the previous year’s £3.5bn total - as it continues to be awarded large scale contracts by clients within energy, water and transport infrastructure sectors.

 

In a statement, Costain’s 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.”

 

The firm claims its order book provides good long-term visibility with £2.8bn of revenues secured for 2017 and beyond, while 90 per cent of the order book is made up of repeat business, testimony of Costain’s strategic nature of maintaining long-term client relationships.

 

It added it was also the preferred bidder on a further £500m of work, and is actively tendering for work across all target markets.

 

The firm also finished 2015 with a net cash position of over £100m, despite the £36m acquisition of Rhead Group, which Costain said has been substantially integrated.

Please rate

Comments 

Name
Email
  Ctrl + Enter

Most Read

Construction of record-breaking tunnel gets under way

Construction of record-breaking tunnel gets under way

The Femern project involves construction of an 18km combined road and rail tunnel linking Germany and Denmark. The tunnel, which will 9m high and 43m wide, is being built by the Femern Link Contractors. The joint venture comprises Vinci Construction Grands Projets (lead company for the two

Graham preferred for £100m health research centre

Graham preferred for £100m health research centre

The new 58,000 square-foot multidisciplinary hub is part of the university’s new campus in White City, west London. Graham will fit out all levels of the building, apart from the top floor, which is shell-and-core only, a statement on the appointment said. Imperial College London dean of the

Architects and engineers shortlisted for £600m hospital jobs

Architects and engineers shortlisted for £600m hospital jobs

Leeds Teaching Hospitals NHS Trust has revealed the architects and design teams in the running to work on the £600m redevelopment of two new hospitals in the city. The trust was one of six to be awarded a share of £2.7bn of funding last year as part of the first wave of the

This website uses cookies to enhance your user experience. By continuing to use this site, you consent to our use of these cookies. See our Cookie Policy.