Costain order book hits £2.6bn with rail contract

ENGINEERING consultant Costain has said it is continuing to perform well and that trading is in line with its expectations.

The group’s order book has risen to £2.6bn following major new contracts awarded by Network Rail and the development of London Bridge Station.

In a statement the group said yesterday: “As well as including in excess of £600m revenue for 2012, the order book also provides good long-term visibility with over £1.8bn of revenue secured for 2013 and beyond, the balance of the order book being the remainder of 2011.”

Costain said it was benefitting from targeting blue chip customers, which it helps with both general maintenance and also with meeting regulations. It also announced the acquisition of Promanex, an industrial support services business operating in the power, petrochemicals and nuclear markets.