Severfield PLC Progressive publishes new research

TIDMSFR

Severfield PLC

21 November 2023

 
 
  Guidance reiterated after H1 profits increase 
  Severfield has reiterated its FY24E guidance after delivering a 17% increase in underlying 
  PBT despite 'challenging' market conditions. We retain our profitability and cash flow estimates 
  for FY24E and FY25E, with higher margin assumptions offsetting lower revenue projections. 
  In our view, the long-term outlook continues to be underpinned by new markets, such as datacentres 
  and nuclear work - plus a recent revival in London office work - with further growth likely 
  from the group's expansion in the EU and India. 
 

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       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 
 

For further information please contact:

[phone]

[e-mail]

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

NRAPPGRAGUPWUMG

(END) Dow Jones Newswires

November 21, 2023 03:02 ET (08:02 GMT)