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Severfield PLC (SFR)

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Wednesday 15 June, 2022

Severfield PLC

Progressive publishes new research

RNS Number : 9410O
Severfield PLC
15 June 2022
 

Resilient FY result with forecasts maintained

 

Severfield, Britain's leading structural steel specialist, delivered an 11% increase in adjusted FY2022 PBT to £27.1m, just below our estimate despite "challenging market conditions" as steel price increases temporarily diluted margins. However, the group reiterated its guidance for FY2023E and we are maintaining our PBT estimates for the current financial year and next. We are also introducing a new forecast of further growth into FY2025E. This is driven by a range of long-term growth sectors, which we highlight.

 

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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

[email protected]

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