Severfield PLC Progressive publishes new research
06 Settembre 2023 - 9:54AM
RNS Non-Regulatory
TIDMSFR
Severfield PLC
06 September 2023
FY outlook on track amid 'positive' markets
We are maintaining our forecasts for FY24E and beyond after this morning's AGM statement from
Severfield, which confirms that trading in the first five months has been in line with the
group's expectations, aided by its strong balance sheet. This is despite more challenging
conditions in recent months due to building cost inflation, while the long-term outlook continues
to be underpinned by new markets, such as datacentres and 'giga-factories', and the group's
expansion in the EU and India.
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