IN BRIEF: Severfield says trading in line, growth trends postive

Severfield PLC - York, England-based structural steel maker - Issues trading statement ahead of Tuesday's annual general meeting. Says trading since the start of the financial year has been as expected, and it remains on track to deliver a result for 2025 in line with its expectations. Cash and balance sheet position remains strong. Businesses remain well-positioned to win work in markets with positive long-term growth trends, providing a strong platform to fulfil strategic growth aims. UK & Europe order book stands at GBP460 million as of July 1, of which GBP369 million is for delivery over the next 12 months. In India, order book at same date is GBP181 million.

Current stock price: 83.14 pence

12-month change: up 18%

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights reserved.

Severfield