Costain Group PLC Capital Markets Event (1119E)

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RNS Number : 1119E

Costain Group PLC

02 July 2019

Costain Group PLC

("Costain" or "the Group" or "the Company")

Capital Markets Event

2 July 2019

Alex Vaughan, newly appointed chief executive officer, will later today set out his 'Leading Edge' strategy for the business and its medium-term development in a presentation at The London Stock Exchange.

It places greater emphasis on leveraging the Group's strong blue-chip client relationships, and reputation for complex programme delivery, through an accelerated deployment of higher margin services including future-shaping consultancy and advisory, asset optimisation and digital technology solutions.

Through a combination of organic and acquisitive growth, the Group's ambition is to derive over half of its business from higher margin services, targeting a blended divisional margin range of 6%-7% over the medium-term.

The Group's organisational and divisional structure has been re-organised and comprises Transportation (rail, highways and airports) and Natural Resources (water, energy and defence). The Group's results for H1 2019 will be presented on this basis including a pro forma restatement of the FY 2018 results.

No new material trading information will be disclosed.

A copy of the presentation will be available on the Company's website, and as an on-demand webcast via the following link www.costain.com/CMD from 14.00 today.

Enquiries:

 
 Costain                                       Tel: [phone] 
 Alex Vaughan, Chief Executive Officer 
 Tony Bickerstaff, Chief Financial Officer 
 Carolyn Rich, Investor Relations Director 
 Sara Lipscombe, Group Communications 
  Director 
 
 Instinctif Partners                           Tel: [phone] 
 Mark Garraway 
 James Gray 
 

Notes to editors

Costain helps to improve people's lives with integrated, leading edge, smart infrastructure solutions across the UK's energy, water, transportation and defence markets. We help our clients improve their business performance by increasing capacity, improving customer service, safeguarding security, enhancing resilience, decarbonising and delivering increased efficiency. Our vision is to be the UK's leading smart infrastructure solutions company. We will achieve this by focusing on blue chip clients whose major spending plans are underpinned by strategic national needs, regulatory commitments, legislation or essential performance requirements. We offer our clients leading edge solutions that are digitally optimised through the following five services which cover the whole lifecycle of their assets: shaping our future infrastructure; consultancy and advisory; digital technology solutions; asset optimisation and complex programme delivery. Our culture and values underpin everything we do.

For more information visit www.costain.com

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July 02, 2019 02:00 ET (06:00 GMT)