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. 
 

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(END) Dow Jones Newswires

November 23, 2021 02:57 ET (07:57 GMT)

Severfield (LSE:SFR)
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