Costain Group (COST) Trading Update summary
Event summary combining transcript, slides, and related documents.
Trading Update summary
6 Jun, 2025Trading performance and outlook
Trading for the period is in line with Board expectations, with no deviation from guidance.
On track to achieve a 4.5% adjusted operating margin run rate in 2025.
Full year 2025 net cash position expected to be around £180m, consistent with market expectations.
Contract wins and forward work position
Forward work position increased by £1.5bn to £5.4bn in 2024, a record level.
New contracts secured in nuclear energy, including frameworks with Urenco and Sizewell C.
Technical and consultancy services awarded for the Department for Energy Security & Net Zero.
Strategic focus and business development
Focus remains on critical national needs and improving contract portfolio quality.
Actively bidding for new work across all sectors and broadening customer mix.
Board expresses confidence in strategy and growth prospects despite macroeconomic challenges.
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