TIDMSFR

Severfield PLC

15 June 2022

 
Resilient FY result with forecasts maintained 
 
 Severfield, Britain's leading structural steel specialist, delivered an 11% increase in adjusted 
 FY2022 PBT to GBP27.1m, just below our estimate despite "challenging market conditions" as 
 steel price increases temporarily diluted margins. However, the group reiterated its guidance 
 for FY2023E and we are maintaining our PBT estimates for the current financial year and next. 
 We are also introducing a new forecast of further growth into FY2025E. This is driven by a 
 range of long-term growth sectors, which we highlight.

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         Broad coverage                     Analyst calibre 
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(END) Dow Jones Newswires

June 15, 2022 02:29 ET (06:29 GMT)

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