We are upgrading our forecasts after a solid set of interims, with our adj. EPS forecasts increasing by 11% and 3% in FY18 and FY19. This is driven by increases in both our revenue and operating margin forecasts. We have introduced a new FY20 forecast which assumes the achievement of the Group’s medium term target to double PBT by FY20 from £13.2m in FY16. The outlook remains positive, with a healthy order book, a strong pipeline of future projects and further self help initiatives to enhance ma ....
23 Nov 2017
N+1 Singer - Severfield - Upgrading forecasts after a strong set of interims
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N+1 Singer - Severfield - Upgrading forecasts after a strong set of interims
Severfield Plc (SFR:LON) | 66.7 -0.9 (-2.0%) | Mkt Cap: 206.5m
- Published:
23 Nov 2017 -
Author:
Greg Poulton -
Pages:
10
We are upgrading our forecasts after a solid set of interims, with our adj. EPS forecasts increasing by 11% and 3% in FY18 and FY19. This is driven by increases in both our revenue and operating margin forecasts. We have introduced a new FY20 forecast which assumes the achievement of the Group’s medium term target to double PBT by FY20 from £13.2m in FY16. The outlook remains positive, with a healthy order book, a strong pipeline of future projects and further self help initiatives to enhance ma ....