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SEVERFIELD PLC Earnings Release 2020
4741_er_2020-11-25_041888f7-2beb-44d3-978c-edaaeb8a7058.html
Earnings Release
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National Storage Mechanism | Additional information 
RNS Number : 4575G
Severfield PLC
25 November 2020
Diversity supports resilient H1 performance
Severfield's diverse range of end-markets supported a 40% increase in sales despite "challenging" conditions for Britain's leading structural steel specialist in its first half results. Profitability and net cash also improved, with the Group predicting a further increase in profit in the second half. We have reinstated our forecasts, which initially assume the Group returning to peak earnings over a three-year horizon, boosted by further growth in Europe and recovery in the Indian JV.
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