A strong second-half performance in the UK (plus an acquisition) and good progress in India (including capacity expansion) were the FY20 trading highlights, although near-term COVID-19 sentiment is overshadowing these achievements. A decision on the FY20 final dividend is pending; we have assumed one is not declared and our estimates remain suspended. Severfield’s liquidity and order book positions suggest the company is well placed to service current business levels and compete for new
13 Jul 2020
Severfield - Momentum to be informed by order intake
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Severfield - Momentum to be informed by order intake
Severfield Plc (SFR:LON) | 55.8 0 0.0% | Mkt Cap: 172.7m
- Published:
13 Jul 2020 -
Author:
Toby Thorrington -
Pages:
8
A strong second-half performance in the UK (plus an acquisition) and good progress in India (including capacity expansion) were the FY20 trading highlights, although near-term COVID-19 sentiment is overshadowing these achievements. A decision on the FY20 final dividend is pending; we have assumed one is not declared and our estimates remain suspended. Severfield’s liquidity and order book positions suggest the company is well placed to service current business levels and compete for new