Severfield PLC Progressive publishes new research
23 Noviembre 2021 - 01:57AM
RNS Non-Regulatory
TIDMSFR
Severfield PLC
23 November 2021
Small H1 'beat' despite supply chain challenge
Strong trading and a new record high for the order book for Britain's leading structural steel
specialist drove a 22% increase in adjusted interim PBT, slightly exceeding its previous guidance
on the H1:H2 split. This underpins our FY2022E forecasts, which we are not changing at this
point, while the 37% Y/Y increase in orders provides increased visibility through to FY2023E.
The strong first-half performance was achieved despite supply chain and inflationary pressures
in the UK, while the Indian JV returned to profitability amid clear signs of economic recovery
from Covid.
Click here for full analysis
Subscribe to Progressive's research, which is freely available
to every type of investor, and be kept informed about our regular
programme of investor engagement.
About Progressive:
Progressive is an equity research and investor engagement
company. FCA authorised and regulated, the firm has a 15-strong
team of highly experienced analysts. We provide Institutional grade
research and connect companies with investors across every sector
of the market.
www.progressive-research.com
Broad coverage Analyst calibre
across 12 sectors
Business Services Oil & Gas 15 with average 20
analysts years
Financials Property experience
of
Healthcare Retail
Industrials Technology 30+ techMARK
Investment Trusts Telecoms industry based Extel
Mining Utilities awards StarMine
For further information please contact:
Keith Hodgskiss
+44 (0) 20 7781 5315
khodgskiss@progressive-research.com
This information is provided by Reach, the non-regulatory press
release distribution service of RNS, part of the London Stock
Exchange. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
Reach is a non-regulatory news service. By using this service an
issuer is confirming that the information contained within this
announcement is of a non-regulatory nature. Reach announcements are
identified with an orange label and the word "Reach" in the source
column of the News Explorer pages of London Stock Exchange's
website so that they are distinguished from the RNS UK regulatory
service. Other vendors subscribing for Reach press releases may use
a different method to distinguish Reach announcements from UK
regulatory news.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NRAPPGAAGUPGUMW
(END) Dow Jones Newswires
November 23, 2021 02:57 ET (07:57 GMT)
Severfield (LSE:SFR)
Gráfica de Acción Histórica
De Feb 2024 a Mar 2024
Severfield (LSE:SFR)
Gráfica de Acción Histórica
De Mar 2023 a Mar 2024