TIDMSFR

Severfield PLC

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)

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