Edison Investment Research - Severfield (SFR) Update: Steady start to the year

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Edison Investment Research

Update: Steady start to the year

Year to date trading is described as satisfactory with no change to full year guidance and estimates. Severfieldâ€™s rating is very much set for recovery and the new management team is positioned to deliver this, we believe. The current rating reflects our conservative stance on top line progress. Improving market confidence and activity levels would provide an opportunity to potentially deliver further margin gains.

19/08/2014 3 EN

Underlying

Severfield

Severfield is a structural steelwork company, engaged in construction contracts business. Co. serves the construction and infrastructure markets, which cover a range of clients from contractors and developers, to engineers and architects. Co.'s construction sectors consist of commercial offices, Industrial and distribution, stadia and leisure, retail, and data centers and other. Co.'s infrastructure sectors consist of transport, power and energy, and health and education. Co. manages the fabrication and construction process, from initial scheme design, through detailing, specification and manufacture to the eventual handover to clients.

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GB00B27YGJ97 London Stock Exchange United Kingdom

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Update: Steady start to the year

Severfield - Multiple positives should excite investors

Severfield - FY24 expectations unchanged, order book robust

Severfield - FY24 in line, but risks edge up further on

Arcadium Lithium - When one plus one equals three

ABO Energy - Global growth generates record net profit

Next 15 Group - Baked in AI opportunities

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