Severfield: Edison

14:00, 7th May 2025
Edison Investment Research
Edison Investment Research
Company Broker Research
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Industrials: General industrials – LSE – M cap £60m – Price 20.00p – Flash

SEVERFIELD 

First signs of encouraging news emerge 

  has confirmed that FY25 PBT is anticipated to be in line with management’s expectations and that year-end net debt was modestly better. Also, the UK and Europe order book has grown materially since 1 February. Furthermore, Severfield’s professional indemnity insurers have accepted coverage with regard to the bridge remediation works programme and have indicated that an initial payment is possible as early as mid-June. The company confirmed FY26 profit expectations and indicated that FY27 was beginning to look more encouraging as some large opportunities are already emerging.
 

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The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.

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