COVID-19 market disruption has dented FY21 profitability, but we still expect Severfield to end the year by maintaining dividend levels and with a good net cash position. Consequently, with an optimistic view of pipeline opportunities, it remains well positioned to secure business in core market sectors and deliver a steady earnings recovery by FY23.
08 Dec 2020
Severfield - Robust position, encouraging outlook
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Severfield - Robust position, encouraging outlook
Severfield Plc (SFR:LON) | 67.1 -0.4 (-0.9%) | Mkt Cap: 207.7m
- Published:
08 Dec 2020 -
Author:
Toby Thorrington -
Pages:
7
COVID-19 market disruption has dented FY21 profitability, but we still expect Severfield to end the year by maintaining dividend levels and with a good net cash position. Consequently, with an optimistic view of pipeline opportunities, it remains well positioned to secure business in core market sectors and deliver a steady earnings recovery by FY23.