Severfield ( (GB:SFR) ) has issued an announcement.
Severfield plc, a leading structural steel group, reports challenging market conditions in the UK and Europe, with project delays and cancellations affecting its order book and financial performance for FY25. Despite efforts to mitigate these impacts through cost reductions and new project awards, the company expects its underlying profit before tax to be lower than anticipated. Looking ahead, Severfield has secured large projects for FY27 and sees opportunities in sectors like data centers and green energy, which provide confidence in future shareholder returns and unchanged medium-term growth targets.
More about Severfield
Severfield is the UK’s market leader in the design, fabrication, and construction of structural steel, with a total capacity of approximately 150,000 tonnes of steel per annum. The Group operates seven sites, employs around 1,900 people, and has expertise in large, complex projects across various sectors. Severfield also has a presence in the expanding Indian market through a joint venture with JSW Steel, India’s largest steel producer.
YTD Price Performance: -4.49%
Average Trading Volume: 516,587
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £140.1M
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