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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Costain Group Plc | LSE:COST | London | Ordinary Share | GB00B64NSP76 | ORD 50P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 75.00 | 73.60 | 75.00 | 76.00 | 72.00 | 75.00 | 718,850 | 16:35:20 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Hghwy,street Constr,ex Elvtd | 1.42B | 25.9M | 0.0936 | 7.95 | 205.85M |
TIDMCOST
RNS Number : 5166K
Costain Group PLC
05 January 2021
5 January 2021
Costain Group PLC
("Costain" or "the Group" or "the Company")
Year End Trading Update
Costain, the smart infrastructure solutions company, today issues a trading update for year ended 31 December 2020.
Since announcing interim results on 14 September 2020, the Group in responding to Covid-19 has continued to operate productively with effective safety measures in place across all contracts. The Group's underlying trading has remained profitable with good cash generation. New work has also continued to be secured, in line with the Group's strategic ambitions. The Board therefore expects to report full year results in line with expectations.
The year-end order book stands at GBP4.2 billion (31 December 2019: GBP4.2 billion), with c GBP1,020 million secured for 2021 (c GBP940 million secured for 2020 at end of FY19). The Group has a strong year-end net cash position of GBP102.5 million, ahead of expectations, (31 December 2019: GBP64.9 million) comprising GBP89.5 million of cash, GBP61.0 million share of cash in joint operations and GBP48.0 million of drawn debt. The average month-end net cash balance for the second half was GBP100.8 million (2019 full year: GBP41.2 million).
The Group will be announcing its results for the year ended 31 December 2020 on 9 March 2021.
Enquiries:
Costain Tel: 01628 842 444 Alex Vaughan , Chief Executive Officer Helen Willis, Chief Financial Officer Sara Lipscombe, Group Communications Director MHP Communications Tel: 020 3128 8658 Tim Rowntree Costain@mhpc.com Peter Hewer
Notes to Editors
Costain helps to improve people's lives with integrated, leading edge, smart infrastructure solutions across the UK's transportation, water, energy 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: future-shaping strategic consultancy; 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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January 05, 2021 02:00 ET (07:00 GMT)
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