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Repeat orders lift Costain

4 Jan 13 Costain reports that it starts 2013 with £700m-worth of work for the year and a total order book of £2.4bn.

Chief executive Andrew Wyllie
Chief executive Andrew Wyllie

The total order book is slightly down on the 拢2.5bn that was in hand this time last year but the short-term workload is slightly up on the 拢650m that it had acquired for 2012 by the end of 2011.

In addition, Costain is preferred bidder for a further 拢400m of work.

More than 90% of the order book comes from repeat orders, providing good long-term visibility, the company said.聽

Chief executive Andrew Wyllie said: "Costain continues to be successful by focusing on meeting the increasingly integrated service requirements of major customers. Utilising a partnership approach, the group provides innovative and cost effective solutions to complex and large-scale customer requirements through its consulting, project delivery and operations and maintenance capability."

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