Built Environment News

Costain reveals a £3.9bn 2016 order book

0.0 / 6 January /
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.

Share with Twitter   Share with Google+   Share with Facebook   Share with Linkedin

Comments (0)

  • No comments

Most Read

  • Thames Water gets ready to tender £2.6bn AMP7 construction work contracts

    / 24 June /
    Thames' draft AMP7 plan includes a number of complex projects, significant programmes and anticipates a potential increased volume in maintenance activity in response to changing customer and stakeholder needs, population growth and a changing environment. Thames has set out details of the proposed
  • British Water Annual Lunch 2019

    / 21 June /
    London Stadium, a world-class venue, has played host to this year’s British Water Annual Lunch. This highly-regarded networking event is an occasion for members, and invited guests of British Water, to network and promote their businesses to over 200 key industry professionals which will
  • MWH Treatment wins Severn Trent AMP7 framework contracts

    / 25 June /
    We are pleased to hear that our client water sector specialist MWH Treatment has been awarded a place on Severn Trent’s AMP7. The agreement extends an existing 20-year relationship and MWH Treatment (MWHT) will develop and deliver a share of the £2 billion capital works programme,

Add comment to Costain reveals a £3.9bn 2016 order book

Comment text