Severfield Regulatory News (SFR)

4 Nov 2005 07:00

Severfield-Rowen PLC04 November 2005 4 November 2005 SEVERFIELD-ROWEN PLC Trading Update Severfield-Rowen Plc, the market leading structural steel group, issues thefollowing trading update. Since the announcement of the Group's half year results on 26 September 2005,trading has continued to be very strong. With ten months of the year elapsedit is now clear that the Group's results for 2005 will be significantly ahead ofcurrent market expectations. Furthermore, with an order book now standing at £163m and improving Groupmargins, the Board views the outlook for 2006 with increasing confidence. The Group also announces the appointment of Tom Haughey, the Group's CommercialDirector, as joint Group Managing Director with special responsibilities forbuying and the development of the Fabsec product. Peter Levine, Chairman, said: "I am happy to report that 2005 will significantly exceed our expectations and,given the strength of the Group's current trading and its high level ofvisibility, we believe the prospects for 2006 and beyond are very promising." - ENDS - For further information please contact: Severfield-Rowen Peter Levine 0113 246 9993 Financial Dynamics Richard Mountain 020 7269 7291 This information is provided by RNS The company news service from the London Stock Exchange