Severfield PLC Progressive publishes new research

TIDMSFR

Severfield PLC

06 September 2023

 
 
  FY outlook on track amid 'positive' markets 
  We are maintaining our forecasts for FY24E and beyond after this morning's AGM statement from 
  Severfield, which confirms that trading in the first five months has been in line with the 
  group's expectations, aided by its strong balance sheet. This is despite more challenging 
  conditions in recent months due to building cost inflation, while the long-term outlook continues 
  to be underpinned by new markets, such as datacentres and 'giga-factories', and the group's 
  expansion in the EU and India. 
 

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         Broad coverage                     Analyst calibre 
       across 12 sectors 
 
 Business Services   Oil & Gas       15       with average      20 
                                   analysts                    years 
    Financials        Property                 experience 
                                                   of 
    Healthcare         Retail 
    Industrials      Technology      30+                     techMARK 
 Investment Trusts    Telecoms                  industry      Extel 
                                                  based 
      Mining         Utilities                   awards      StarMine 
 

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September 06, 2023 03:54 ET (07:54 GMT)