Order Book and Trading Update

24 Jan 2008 07:00

Severfield-Rowen PLC24 January 2008 24 January 2008 SEVERFIELD-ROWEN PLC Order Book and Trading Update Further to its pre-close trading statement last year, Severfield-Rowen Plc, themarket leading structural steel group, confirms that for the year ended 31December 2007 the Group expects to report normalised profit before tax ofapproximately £42m. As we begin 2008 the Group is seeing a softening within some of its key markets,however the Board remains confident that the high level of demand forSeverfield-Rowen's unique, wide ranging services and capabilities, position theGroup well to deliver growth this year, but at a somewhat lower level than ourprevious expectations. Contracts secured include high profile national projects from a wholecross-section of sectors, including commercial, PFI, infrastructure, retail andstadiums. The Group's total order book now stands at a record £440m, comparedto the £405m reported last month. Severfield-Rowen will announce its full year results in early April 2008. For further information please contact: Severfield-Rowen Peter Levine 01845 577 896 Tom Haughey Peter Davison Financial Dynamics Richard Mountain / Sophie Kernon 020 7269 7225 This information is provided by RNS The company news service from the London Stock Exchange