Severfield’s closing FY18 update reiterated latest guidance and management’s confidence in attaining its FY20 PBT target of £26m. As previously noted, sector diversity is allowing the company to focus resources on relatively better areas and sustaining a stable UK order book position. Our estimates are unchanged and FY18 results are scheduled for 20 June 2018.
13 Apr 2018
Severfield - On track
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Severfield - On track
Severfield Plc (SFR:LON) | 68.9 0 0.0% | Mkt Cap: 213.3m
- Published:
13 Apr 2018 -
Author:
Toby Thorrington -
Pages:
3
Severfield’s closing FY18 update reiterated latest guidance and management’s confidence in attaining its FY20 PBT target of £26m. As previously noted, sector diversity is allowing the company to focus resources on relatively better areas and sustaining a stable UK order book position. Our estimates are unchanged and FY18 results are scheduled for 20 June 2018.