Progressive publishes new research

RNS Number : 1256C
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 £24.3m in today's results, against our estimate of £24.0m. "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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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
analysts

with average

20
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:

 

Emily Ritchie

+44 (0) 20 7781 5311

eritchie@progressive-research.com

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