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Progressive publishes new research

22nd Nov 2022 07:30

RNS Number : 1886H

Severfield PLC

22 November 2022

Interims confirm sustained infrastructure drive

We have kept our FY23E-25E PBT estimates for Severfield, Britain's top steel construction specialist, as its FY23E interims maintained guidance amid 'consistently high' demand in the UK and Europe and strong growth in India. Inflationary pressures remain well-managed. We believe Chancellor Jeremy Hunt's Autumn Statement confirms the strong long-term outlook for energy and infrastructure, as explored in our extensive recent report.

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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	15 analysts	with average	20 years
Financials	Property		experience of
Healthcare	Retail
Industrials	Technology	30+		techMARK
Investment Trusts	Telecoms		industry based	Extel
Mining	Utilities		awards	StarMine

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