FY19 results were in line with guidance and our expectations, with the Indian JV performance a clear highlight, while investment and order book development in the year in both the UK and India bode well for future progress. In the near term, the dividend yield is an obvious attraction but we believe converting strong order positions into profitability represents the driver of share price progress from here.
27 Jun 2019
Severfield - Converting orders into profitability
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Severfield - Converting orders into profitability
Severfield Plc (SFR:LON) | 69.0 0.4 0.9% | Mkt Cap: 213.6m
- Published:
27 Jun 2019 -
Author:
Toby Thorrington - Pages:
FY19 results were in line with guidance and our expectations, with the Indian JV performance a clear highlight, while investment and order book development in the year in both the UK and India bode well for future progress. In the near term, the dividend yield is an obvious attraction but we believe converting strong order positions into profitability represents the driver of share price progress from here.