Last checked at 2 Sep 2014 07:00
2 September 2014
Severfield plc
("Severfield" or the "Group")
Annual General Meeting Statement
At today's Annual General Meeting of Severfield plc, to be held at noon at the Aldwark Manor Hotel, YO61 1UF, Chairman John Dodds will make the following statement:
This year Severfield has continued its progress as the UK's market leading steel fabricator, moving further towards the Group vision of being leaders in structural steel, creating a legacy for future generations through world class engineering and design excellence.
During the last year Severfield has delivered substantial operational improvements across the Group and the stabilisation programme is ongoing. Market development in India remains an area of high focus, and the Group is well positioned for the recovery of the UK construction sector, with its market leading position and robust balance sheet. The Group has momentum in delivering against its strategic objectives, with significant prospects for operating margin growth, profit growth, increased revenue and positive cash flow going forward.
Ends
A presentation will be provided for shareholders at the AGM and will then be available on the company website www.severfield.com The presentation contains no previously unpublished information that could be considered price sensitive.
For further information, please contact:
Severfield plc | Ian Lawson Chief Executive Officer | 01845 577896 |
Alan Dunsmore Finance Director | 01845 577896 | |
Jefferies International Limited | Simon Hardy | 020 7029 8000 |
Harry Nicholas | 020 7029 8000 | |
Bell Pottinger | Nick Lambert | 020 3772 2558 |
Emma Kent | 020 3772 2571 | |
Will Bland | 020 3772 2591 |