Costain Group Plc (COST.L) Thursday said in its update for the period from January 1 to date that trading for the period remains in line with the Board's expectations. The company continues to expect revenue growth and higher adjusted operating profit in fiscal 2026, even while maintaining an adjusted operating margin of around 4.0 percent.
The British construction engineering company expects contract mobilisations and higher activity levels to increase in the second half of fiscal 2026. As mentioned earlier, annual revenue and adjusted operating profit are therefore expected to be weighted toward the second half of the year.
Costain Group also continues to expect a net cash position of around 175 million pounds in fiscal 2026, following the partial unwind of historic working capital benefits. The company said that under its ongoing 20 million pounds share buyback programme, it has repurchased 2.1 million shares for a total consideration of 4.0 million pounds as of May 13.
The company said that it will announce its half-year results on August 13.
On the LSE, COST.L is up 1.1 percent on Thursday's trading at 198.80 pence.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.