Severfield PLC Progressive publishes new research
June 16 2021 - 06:21AM
RNS Non-Regulatory
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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