RCS - Severfield PLC - Progressive publishes new research

SeverfieldAnnouncement

03/09/2020 11:00

RNS Number : 9681X
  
Severfield PLC
  
03 September 2020
  
 





Dividend reinstated after 'encouraging' restart  
The UK's largest structural steel construction specialist has reinstated the final dividend for FY 2020 following "encouraging" activity levels since the lockdown was lifted. This morning's AGM statement confirms that the group remains cash-positive and that the order book has remained steady over the summer. We continue to believe the Group is likely to benefit from growth in logistics and datacentres, reinforced since Covid-19, as well as the significant opportunities from HS2, which we explore further in this note




 
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About Progressive:
 
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.
 
www.progressive-research.com
 



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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