17th Jun 2020 13:27
Strong FY results and poised for HS2 boost Results for the FY to March showed a 16% rise in PBT, with little impact from Covid-19. Financial guidance remains suspended, due to immediate uncertainties, but we believe longer-term demand will be fuelled by infrastructure, particularly HS2 projects which the UK's leading structural steel group is bidding for, and logistics and data centres, boosted by the pandemic. The Group has a strong net cash balance and additional headroom and predicts sufficient cash for even its 'worst case scenario'.
|
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
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
Related Shares:
Severfield