Progressive publishes new research | RNS | Ticker

Progressive publishes new research

RNS Announcement

RNS Number : 1256C

Severfield PLC

16 June 2021

Momentum continues after resilient FY2021

Britain's leading structural steel specialist slightly beat our previously increased estimates for FY2021, with adjusted PBT of £24.3m in today's results, against our estimate of £24.0m. "Considerable positive momentum" has continued into FY2022E, with an increased order book in both UK & Europe and also in the Indian JV, despite the second wave hitting the sub-continent. We are not changing our FY2022E estimates, being early in the financial year, but continue to believe the Group is strongly placed to benefit from growth sectors including infrastructure and datacentres.

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RNS metadata

Title: Progressive publishes new research
Time: 12:21:18
Date: 16 Jun 2021
Category: Corporate updates
ID: 1256C