TIDMSFR

Severfield PLC

16 June 2021

 
Momentum continues after resilient FY2021 
 Britain's leading structural steel specialist slightly beat our previously increased estimates 
 for FY2021, with adjusted PBT of GBP24.3m in today's results, against our estimate of GBP24.0m. 
 "Considerable positive momentum" has continued into FY2022E, with an increased order book 
 in both UK & Europe and also in the Indian JV, despite the second wave hitting the sub-continent. 
 We are not changing our FY2022E estimates, being early in the financial year, but continue 
 to believe the Group is strongly placed to benefit from growth sectors including infrastructure 
 and datacentres. 
 

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June 16, 2021 07:21 ET (11:21 GMT)

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