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SFR Severfield Plc

54.80
-3.00 (-5.19%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Severfield Plc LSE:SFR London Ordinary Share GB00B27YGJ97 ORD 2.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -3.00 -5.19% 54.80 55.20 56.40 60.00 55.00 60.00 433,980 16:35:28
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Structural Steel Erection 493.61M 21.57M 0.0697 7.89 170.25M

Severfield PLC Progressive publishes new research

20/04/2022 9:38am

RNS Non-Regulatory


TIDMSFR

Severfield PLC

20 April 2022

 
Orders surge as nuclear market reopens 
 
 Severfield, Britain's leading structural steel specialist, has confirmed that it expects FY2022E 
 results in line with its previous expectations. We are maintaining our profit estimates for 
 FY2022E-24E but raise our revenues to reflect steel cost increases, which are passed onto 
 customers. The outlook is underpinned by record orders, amid "significant opportunities" including 
 'giga-factories', data centres and nuclear. The UK's 7 April Energy Security Strategy, prompted 
 by Russia's invasion of Ukraine, puts new nuclear at the heart of plans to reduce dependence 
 on foreign energy. We believe this and wider green and economic security issues should support 
 long-term growth. 
 

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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 based    Extel 
      Mining         Utilities                    awards       StarMine 
 

For further information please contact:

Keith Hodgskiss

+44 (0) 20 7781 5315

khodgskiss@progressive-research.com

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END

NRAPPUAWCUPPURU

(END) Dow Jones Newswires

April 20, 2022 04:38 ET (08:38 GMT)

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