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Progressive publishes new research

16th Jun 2021 12:21

RNS Number : 1256C

Severfield PLC

16 June 2021

Momentum continues after resilient FY2021

Britain's leading structural steel specialist slightly beat our previously increased estimates for FY2021, with adjusted PBT of £24.3m in today's results, against our estimate of £24.0m. "Considerable positive momentum" has continued into FY2022E, with an increased order book in both UK & Europe and also in the Indian JV, despite the second wave hitting the sub-continent. We are not changing our FY2022E estimates, being early in the financial year, but continue to believe the Group is strongly placed to benefit from growth sectors including infrastructure and datacentres.

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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

Broad coverage		Analyst calibre
across 12 sectors

Business Services	Oil & Gas	15analysts	with average	20years
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:

Emily Ritchie

+44 (0) 20 7781 5311

[email protected]

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