Severfield PLC Progressive publishes new research
25 November 2020
Diversity supports resilient H1 performance
Severfield's diverse range of end-markets supported a 40% increase in sales despite "challenging"
conditions for Britain's leading structural steel specialist in its first half results. Profitability
and net cash also improved, with the Group predicting a further increase in profit in the
second half. We have reinstated our forecasts, which initially assume the Group returning
to peak earnings over a three-year horizon, boosted by further growth in Europe and recovery
in the Indian JV.
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(END) Dow Jones Newswires
November 25, 2020 03:26 ET (08:26 GMT)