2nd Sep 2015 06:58
LONDON (Alliance News) - Structural steel company Severfield PLC on Wednesday said its trading performance has been in line with its expectations and it looks on track to meet its forecasts for the full year.
The company said its order book in the UK remains robust at GBP188.0 million, with good opportunities coming from the London commercial and large industrial distribution centres markets. Operating margins are continuing to improve for the company on the back of operational improvements.
Severfield said its Indian operation has continued to perform "satisfactorily" in what remains a "sluggish" market. Its GBP36.0 million order book remains steady and there are some "interesting" potential opportunities in the market, it said, though the overall economic situation in the country has not improved in recent months.
By Sam Unsted; [email protected]; @SamUAtAlliance
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