As the end of FY21 approaches, Severfield is deepening its structural steelwork capabilities with the acquisition of DAM Structures. The strategic fit is sound and the deal enhances full-year earnings by c 7% on our estimates. We now expect Severfield to end FY21 in a modest net debt position.
03 Mar 2021
Severfield - Expanding into adjacent steelwork sectors
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Severfield - Expanding into adjacent steelwork sectors
Severfield Plc (SFR:LON) | 68.0 0.5 1.2% | Mkt Cap: 210.5m
- Published:
03 Mar 2021 -
Author:
Toby Thorrington -
Pages:
3
As the end of FY21 approaches, Severfield is deepening its structural steelwork capabilities with the acquisition of DAM Structures. The strategic fit is sound and the deal enhances full-year earnings by c 7% on our estimates. We now expect Severfield to end FY21 in a modest net debt position.