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

Atkins appointed as designer for Havant reservoir

Atkins appointed as designer for Havant reservoir

The £100 million reservoir is being developed in collaboration with Southern Water and will make use of Portsmouth’s resilient spring supplies in the otherwise seriously water-stressed region to create a strategic new water resource. It will also enable transfers from the

The Current State of Mental Health in the Resources & Engineering Industries

The Current State of Mental Health in the Resources & Engineering Industries

With World Mental Health Day fast approaching, on 10 October 2019, I wanted to take this opportunity to talk about a topic close to my heart and an issue I dwell on often, the prevalence of depression in the oil, gas and engineering industries. It is close to my heart as I missed the opportunity to

Costain secures United Utilities contract

Costain secures United Utilities contract

United Utilities announced last year that the project, which is to be procured under the direct procurement for customers (DPC) approach, was a major water resilience scheme with estimated construction costs of over £750 million in AMP7 and AMP8. Under the ECI contract, the smart

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.