Costain Group PLC Capital Markets Event (1119E)
02 July 2019 - 4:00PM
UK Regulatory
TIDMCOST
RNS Number : 1119E
Costain Group PLC
02 July 2019
Costain Group PLC
("Costain" or "the Group" or "the Company")
Capital Markets Event
2 July 2019
Alex Vaughan, newly appointed chief executive officer, will
later today set out his 'Leading Edge' strategy for the business
and its medium-term development in a presentation at The London
Stock Exchange.
It places greater emphasis on leveraging the Group's strong
blue-chip client relationships, and reputation for complex
programme delivery, through an accelerated deployment of higher
margin services including future-shaping consultancy and advisory,
asset optimisation and digital technology solutions.
Through a combination of organic and acquisitive growth, the
Group's ambition is to derive over half of its business from higher
margin services, targeting a blended divisional margin range of
6%-7% over the medium-term.
The Group's organisational and divisional structure has been
re-organised and comprises Transportation (rail, highways and
airports) and Natural Resources (water, energy and defence). The
Group's results for H1 2019 will be presented on this basis
including a pro forma restatement of the FY 2018 results.
No new material trading information will be disclosed.
A copy of the presentation will be available on the Company's
website, and as an on-demand webcast via the following link
www.costain.com/CMD from 14.00 today.
Enquiries:
Costain Tel: 01628 842 444
Alex Vaughan, Chief Executive Officer
Tony Bickerstaff, Chief Financial Officer
Carolyn Rich, Investor Relations Director
Sara Lipscombe, Group Communications
Director
Instinctif Partners Tel: 020 7457 2020
Mark Garraway
James Gray
Notes to editors
Costain helps to improve people's lives with integrated, leading
edge, smart infrastructure solutions across the UK's energy, water,
transportation and defence markets. We help our clients improve
their business performance by increasing capacity, improving
customer service, safeguarding security, enhancing resilience,
decarbonising and delivering increased efficiency. Our vision is to
be the UK's leading smart infrastructure solutions company. We will
achieve this by focusing on blue chip clients whose major spending
plans are underpinned by strategic national needs, regulatory
commitments, legislation or essential performance requirements. We
offer our clients leading edge solutions that are digitally
optimised through the following five services which cover the whole
lifecycle of their assets: shaping our future infrastructure;
consultancy and advisory; digital technology solutions; asset
optimisation and complex programme delivery. Our culture and values
underpin everything we do.
For more information visit www.costain.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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