The order book stands at £2.3bn and the company has preferred bidder positions of over £400m. To date over £850m of revenue has been secured for 2011.
The statement has been issued ahead of today’s AGM. Costain said that the group is successfully implementing its "Choosing Costain" strategy. This is aimed at building the group into one of the UK's top solutions providers and focussing on work for blue chip customers. It is targetting customers whose major spending plans are underpinned by strategic national priorities, regulatory commitments or essential maintenance requirements in chosen sectors.
In April, the group announced the acquisition of ClerkMaxwell, an Aberdeen-based support services provider operating in the upstream oil and gas sector, for £3.2m in initial cash consideration. “This acquisition is indicative of how, under the "Choosing Costain" strategy, the Group is broadening its service offering, in this case enhancing and complementing the Group's capabilities in its existing oil and gas operations,” said the statement.
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