RCS - Severfield PLC - Progressive publishes new research

SeverfieldAnnouncement

24/04/2025 07:45

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RNS Number : 0186G  Severfield PLC  24 April 2025

 

Severfield plc

 

New Progressive research note

 

Progressive Equity Research has been commissioned by Severfield to produce
ongoing research coverage.  A new research document has been published this
morning, and is freely available to UK investors.

 

Research note summary:

 

FY25E profits 'in line'; debt and orders better

 

Severfield's year-end update for the 12 months to 29 March maintained guidance
for FY25E underlying profits but with net debt better than expected and,
encouragingly, a 9% uplift in the order book. We are not changing our P&L
estimates, which were at the bottom of the guidance range for FY25E, despite
markets that 'remain challenging'. We also maintain our forecasts for FY26E
and FY27E, but continue to believe the latter are conservative, implying a
compelling valuation at 3.7x PER.

 

Click here for full analysis
(https://progressive-research.com/research/fy25e-profits-in-line-debt-and-orders-better/)

 

Subscribe (https://www.progressive-research.com/register/)  to Progressive's
research, which is freely available to every type of investor, and be kept
informed about our regular programme of investor engagement.

 

 

 

About Progressive:

Progressive is an equity research and investor engagement company.  FCA
authorised and regulated, the firm has a 15-strong team of highly experienced
analysts.  We provide Institutional grade research and connect companies with
investors across every sector of the market.

 

www.progressive-research.com (http://www.progressive-research.com)

 

For further information please contact:

 +44 (0) 20 7781 5300

info@progressive-research.com (mailto:info@progressive-research.com)

 

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