Progressive publishes new research

RNS Number : 2502T
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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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:

 

Keith Hodgskiss

+44 (0) 20 7781 5315

khodgskiss@progressive-research.com

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