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 subcontinent. We are not changing our FY2022E estimates, being early in the financial year, but continue to believe the Group is strongly pl ....
16 Jun 2021
Momentum continues after resilient FY2021
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Momentum continues after resilient FY2021
Severfield Plc (SFR:LON) | 67.1 -0.4 (-0.9%) | Mkt Cap: 207.7m
- Published:
16 Jun 2021 -
Author:
Alastair Stewart -
Pages:
9
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 subcontinent. We are not changing our FY2022E estimates, being early in the financial year, but continue to believe the Group is strongly pl ....