22nd Apr 2021 16:40
Severfield PLC - Thirsk, North Yorkshire-based structural steel maker - Expects results for financial year that ended March 31 to be "comfortably above management's previous expectations". Order book stands a GBP315 million, supporting trading throughout financial 2022, it says. Joint venture with JSW Steel in India managed to be break-even in the second half of the year after a "difficult" first half. The joint venture has an order book worth GBP104 million. "We have an encouraging pipeline of opportunities in the UK, Europe and India, a strong balance sheet position, expertise in managing complex projects, and good long-standing client relationships," Severfield says.
Current stock price: 81.00 pence, up 6.9% on Thursday
Year-to-date change: up 16%
By Tom Waite; [email protected]
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