RCS - Severfield PLC - Progressive publishes new research

SeverfieldAnnouncement

17/06/2020 13:30

RNS Number : 2678Q
  
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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Progressive is an equity research and investor engagement company.  FCA authorised and regulated, the firm has a 15-strong team of highly experienced analysts.  We provide Institutional grade research and connect companies with investors across every sector of the market.
 
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Broad coverage
 


Analyst calibre
 




across 12 sectors


 


 


 












 


 


 




Business Services


Oil & Gas


15
analysts


with average


20
years




Financials


Property


experience of




Healthcare


Retail








Industrials


Technology


30+






techMARK




Investment Trusts


Telecoms


industry based


Extel




Mining


Utilities


awards


StarMine



 
 
For further information please contact:
 
Emily Ritchie
+44 (0) 20 7781 5311
eritchie@progressive-research.com


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