An in-line trading update states that Severfield’s UK and Indian JV operations and the group overall are performing as outlined in the H116 results. Both regions have seen improved order book positions, with a 33% increase in the UK since the beginning of November particularly noteworthy. While some cautionary industry comments were reiterated, we consider that the UK order position is a strongly positive development.
18 Feb 2016
Significant increase in UK order book
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Significant increase in UK order book
Severfield Plc (SFR:LON) | 68.1 -0.4 (-0.9%) | Mkt Cap: 210.8m
- Published:
18 Feb 2016 -
Author:
Toby Thorrington -
Pages:
3
An in-line trading update states that Severfield’s UK and Indian JV operations and the group overall are performing as outlined in the H116 results. Both regions have seen improved order book positions, with a 33% increase in the UK since the beginning of November particularly noteworthy. While some cautionary industry comments were reiterated, we consider that the UK order position is a strongly positive development.