Severfield PLC Progressive publishes new research

TIDMSFR

Severfield PLC

22 April 2021

 
Forecasts lifted after steel group raises the bar 
 We have raised our PBT estimates for FY2021E - 2023E after Britain's leading structural steel 
 specialist this morning guided that results for FY2021E will be "comfortably above previous 
 expectations". Orders have risen by 10% since November, net cash was better than we expected 
 and the Group is "very encouraged" by the pipeline of new work opportunities in the UK and 
 Europe, while conditions in the Indian JV have remained robust so far in the face of the pandemic. 
 The Group has also pledged to cut carbon to zero. 
 

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April 22, 2021 05:09 ET (09:09 GMT)