We have kept our FY23E-25E PBT estimates for Severfield, Britain’s top steel construction specialist, as its FY23E interims maintained guidance amid ‘consistently high’ demand in the UK and Europe and strong growth in India. Inflationary pressures remain well-managed. We believe Chancellor Jeremy Hunt’s Autumn Statement confirms the strong long-term outlook for energy and infrastructure, as explored in our extensive recent report.
22 Nov 2022
PROGRESSIVE: Severfield: Interims confirm sustained infrastructure drive
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PROGRESSIVE: Severfield: Interims confirm sustained infrastructure drive
Severfield Plc (SFR:LON) | 64.1 6.7 19.3% | Mkt Cap: 198.4m
- Published:
22 Nov 2022 -
Author:
Alastair Stewart -
Pages:
5
We have kept our FY23E-25E PBT estimates for Severfield, Britain’s top steel construction specialist, as its FY23E interims maintained guidance amid ‘consistently high’ demand in the UK and Europe and strong growth in India. Inflationary pressures remain well-managed. We believe Chancellor Jeremy Hunt’s Autumn Statement confirms the strong long-term outlook for energy and infrastructure, as explored in our extensive recent report.