Information  X 
Enter a valid email address

Severfield PLC (SFR)

  Print          Annual reports

Thursday 22 April, 2021

Severfield PLC

Progressive publishes new research

RNS Number : 3070W
Severfield PLC
22 April 2021

Forecasts lifted after steel group raises the bar

We have raised our PBT estimates for FY2021E - 2023E after Britain's leading structural steel specialist this morning guided that results for FY2021E will be "comfortably above previous expectations". Orders have risen by 10% since November, net cash was better than we expected and the Group is "very encouraged" by the pipeline of new work opportunities in the UK and Europe, while conditions in the Indian JV have remained robust so far in the face of the pandemic. The Group has also pledged to cut carbon to zero.


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.


Broad coverage


Analyst calibre


across 12 sectors







Business Services

Oil & Gas


with average




experience of







Investment Trusts


industry based








For further information please contact:


Emily Ritchie

+44 (0) 20 7781 5311

[email protected]

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 [email protected] or visit

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.

a d v e r t i s e m e n t