Engineering group Costain said its full year results would come in in line with expectations when it reports in March.
As a result of new orders and contract extensions the group finished the year with an order book of £2.4bn - just off the £2.5bn at the end of 2011 - of which over 90% is repeat orders.
The firm said more than £700m of work had already been secured for 2013, topping the previous year's figure of £650m.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
In addition, Costain has a preferred bidder position on over £400m-worth of contracts.
The company added that it finished the year with a strong cash position and no significant borrowings.
Chief Executive Andrew Wyllie said his business continued to be successful by focusing on meeting the increasingly integrated service requirements of major customers.
-
Starling Bank under fire after customers rejected for new savings accountMoneyWeek investigates why some Starling Bank customers are being rejected for its recently launched easy-access savings account
-
UK house prices rose 3.3% over past 12 months - what’s in store for 2025?The Land Registry house price index reveals annual inflation of 3.3%, with the average property price reaching £290,000 in November. Will house prices continue to increase this year?
