Half Year 2022 Costain Group PLC Earnings Call Transcript
Good morning, and thank you for joining Costain's 2022 Half Year Results Presentation. I'm Alex Vaughan, Costain's Chief Executive, and I'll start by taking you through a summary of our operational highlights. Helen Willis, our Group CFO, will then present the financial results before I return to provide a strategic update and outlook.
The high-level summary is that our performance in the first half of 2022 has been strong across our performance measures. Both revenue and operating profits have grown as we expected, and our free cash flow has been strong with a period-end net cash of GBP 95.9 million. The forward momentum right across the business is very good. Our differentiated business model, one focused on our customers and in meeting their changing needs continues to build both our resilience, competitive advantage and is delivering growth. There has been a high level of bidding activity throughout the first half of the year, and we secured some more work right across construction, consultancy and
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