Costain trading in line

7th Jan 2010 07:31

Engineering and construction group Costain said trading during the final quarter of 2009, and for the year as a whole, remained in-line with the board's expectations. The group said it continued to benefit from good demand from blue chip customers, "whose major spending plans are underpinned by strategic national priorities in chosen sectors."As at 31 December 2009, the group's forward order book increased to £2.6bn, up 30% on the previous year and a cash position significantly more than £100m.While it believes market conditions will remain uncertain in 2010, chief executive Andrew Wyllie noted the group has entered 2010 with a "strong order book and pipeline of opportunities."