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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Severfield-Rowen Ord | AQSE:SFR.GB | Aquis Stock Exchange | Ordinary Share | GB00B27YGJ97 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
7.50 | 13.27% | 64.00 | 61.00 | 67.00 | 64.404 | 56.50 | 56.50 | 166,897 | 16:29:56 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSFR
RNS Number : 9590I
Severfield PLC
06 September 2016
6 September 2016
Severfield plc
("the Company" or "the Group")
AGM Trading Update
Severfield plc, the market leading structural steel group,
issues an update on current trading for its AGM
At the Company's Annual General Meeting, to be held today at 12.00 noon, Aldwark Manor Hotel, Aldwark, Alne, York YO61 1UF, the Chairman, John Dodds, will make the following statement.
Current Trading
The Group's trading performance and financial position remain in line with management expectations.
UK
The UK order book of GBP268m as at 31 August has remained at a very strong level in the period following the EU referendum result and continues to include work across a wide range of market sectors and project sizes. Our pipeline of potential future orders has also remained stable with a good balance of work across all key market sectors.
India
With an order book of GBP37m the Indian business remains steady and continues to generate an encouraging level of new opportunities amid signs that economic optimism in the country is beginning to increase.
Outlook
With its strong order book, continuing profit improvement programme and our ability to work across a wide range of market sectors, including infrastructure, the UK business is well placed to continue to meet expectations. The Indian business continues to perform steadily and is well placed to benefit from any improvement in the Indian economy. Overall, the Group is on track to progress as expected over the remainder of the financial year.
Half-Year Results
Severfield will announce its financial results for the half-year ending 30 September 2016 on 22 November 2016.
For further information, please contact:
Ian Lawson Chief Executive 01845 577 Severfield plc Officer 896 Alan Dunsmore 01845 577 Finance Director 896 Jefferies International 020 7029 Limited Simon Hardy 8000 020 7029 Harry Nicholas 8000 020 3772 Bell Pottinger Nick Lambert 2558 020 3772 Dan de Belder 2561 020 3772 Zara de Belder 2512
This information is provided by RNS
The company news service from the London Stock Exchange
END
AGMAKPDNKBKDCCK
(END) Dow Jones Newswires
September 06, 2016 02:00 ET (06:00 GMT)
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