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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Broad coverage
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Analyst calibre
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across 12 sectors
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Business Services
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Oil & Gas
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15
analysts
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with average
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20
years
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Financials
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Property
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experience of
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Healthcare
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Retail
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Industrials
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Technology
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30+
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techMARK
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Investment Trusts
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Telecoms
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Extel
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Mining
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Utilities
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awards
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StarMine
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