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Progressive publishes new research

24th Apr 2025 07:45

RNS Number : 0186G
Severfield PLC
24 April 2025
 

 

Severfield plc

 

New Progressive research note

 

Progressive Equity Research has been commissioned by Severfield to produce ongoing research coverage. A new research document has been published this morning, and is freely available to UK investors.

 

Research note summary:

 

FY25E profits 'in line'; debt and orders better

 

Severfield's year-end update for the 12 months to 29 March maintained guidance for FY25E underlying profits but with net debt better than expected and, encouragingly, a 9% uplift in the order book. We are not changing our P&L estimates, which were at the bottom of the guidance range for FY25E, despite markets that 'remain challenging'. We also maintain our forecasts for FY26E and FY27E, but continue to believe the latter are conservative, implying a compelling valuation at 3.7x PER.

 

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.

 

www.progressive-research.com

 

For further information please contact:

 +44 (0) 20 7781 5300

[email protected]

 

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