SFR Severfield Plc

TIDMSFR

Severfield PLC

17 June 2020

 
Strong FY results and poised for HS2 boost 
 Results for the FY to March showed a 16% rise in PBT, with little impact from Covid-19. Financial 
 guidance remains suspended, due to immediate uncertainties, but we believe longer-term demand 
 will be fuelled by infrastructure, particularly HS2 projects which the UK's leading structural 
 steel group is bidding for, and logistics and data centres, boosted by the pandemic. The Group 
 has a strong net cash balance and additional headroom and predicts sufficient cash for even 
 its 'worst case scenario'. 
 

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(END) Dow Jones Newswires

June 17, 2020 08:27 ET (12:27 GMT)

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