Severfield has overcome supply chain strains to deliver H2-weighted profitability in line with management’s expectations. Input cost inflation pass-through and order visibility cause us to raise our revenue expectations, leaving PBT and EPS estimates unchanged at this stage. Outlook confidence from orders on hand and pipeline comments is only latterly being reflected in share price performance.

28 Apr 2022
Severfield - Strong H2 performance and order book growth

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Severfield - Strong H2 performance and order book growth
Severfield Plc (SFR:LON) | 62.0 0.4 1.0% | Mkt Cap: 191.9m
- Published:
28 Apr 2022 -
Author:
Toby Thorrington -
Pages:
3 -
Severfield has overcome supply chain strains to deliver H2-weighted profitability in line with management’s expectations. Input cost inflation pass-through and order visibility cause us to raise our revenue expectations, leaving PBT and EPS estimates unchanged at this stage. Outlook confidence from orders on hand and pipeline comments is only latterly being reflected in share price performance.