Severfield (SFR)

Sector:

Construction and Building Materials

Index:

FTSE Small Cap

54.80p
   
  • Change Today:
    -3.00p
  • 52 Week High: 75.00
  • 52 Week Low: 50.00
  • Currency: UK Pounds
  • Shares Issued: 309.54m
  • Volume: 424,485
  • Market Cap: £169.63m
  • RiskGrade: 178

Severfield FY revenues rise, ends year with record order book

By Iain Gilbert

Date: Wednesday 15 Jun 2022

LONDON (ShareCast) - (Sharecast News) - Structural steel group Severfield saw revenues rise in the twelve months ended 26 March and ended the year with a record order book and good earnings visibility through 2023.
Severfield said on Wednesday that full-year revenues had risen 11.09% to £403.6m, bumping underlying operating profits up from £25.5m in 2021 to £26.9m a year earlier and boosting operating profits by £500,000 to £22.8m.

Basic earnings per share were 7.2p, up from 6.4p, while the group's return on capital employed was broadly flat year-on-year at 13.5%.

However, Severfield also revealed that operating margins had slightly narrowed from 6.1% to 5.7%, leading to a modest slip in pre-tax profits from £21.1m to £21.0m.

The London-listed firm declared a total dividend increase of 7% to 3.1p per share, including its proposed final dividend of 1.9p per share.

Severfield also said it had a record UK and Europe order book of £486.0m as of 1 June, including new industrial and distribution, film studio, commercial office and bridge orders, and a new stadium for Everton FC.

Chief executive Alan Dunsmore said: "We are delighted to be reporting a resilient and strong performance despite the ongoing market challenges. The group's growth strategy is delivering a record order book with a broad diversity of sectors, geographies, and clients, providing us with good earnings visibility through 2023 and beyond.

"Although inflation and supply chain pressures remain, we are managing these well and the earnings visibility gives us confidence in maintaining our positive performance expectations for 2023."

As of 1020 BST, Severfield shares were up 5% at 63.0p.



Reporting by Iain Gilbert at Sharecast.com

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Severfield Market Data

Currency UK Pounds
Share Price 54.80p
Change Today -3.00p
% Change -5.19 %
52 Week High 75.00
52 Week Low 50.00
Volume 424,485
Shares Issued 309.54m
Market Cap £169.63m
RiskGrade 178

Severfield Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
25.00% above the market average25.00% above the market average25.00% above the market average25.00% above the market average25.00% above the market average
21.95% above the sector average21.95% above the sector average21.95% above the sector average21.95% above the sector average21.95% above the sector average
Price Trend
27.66% below the market average27.66% below the market average27.66% below the market average27.66% below the market average27.66% below the market average
36.59% below the sector average36.59% below the sector average36.59% below the sector average36.59% below the sector average36.59% below the sector average
Income
80.58% above the market average80.58% above the market average80.58% above the market average80.58% above the market average80.58% above the market average
76.47% above the sector average76.47% above the sector average76.47% above the sector average76.47% above the sector average76.47% above the sector average
Growth
3.05% below the market average3.05% below the market average3.05% below the market average3.05% below the market average3.05% below the market average
2.44% below the sector average2.44% below the sector average2.44% below the sector average2.44% below the sector average2.44% below the sector average

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 4
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Severfield Dividends

  Latest Previous
  Interim Final
Ex-Div 04-Jan-24 07-Sep-23
Paid 02-Feb-24 13-Oct-23
Amount 1.40p 2.10p

Trades for 28-Mar-2024

Time Volume / Share Price
16:23 58,927 @ 55.24p
16:35 1,375 @ 54.80p
16:35 2,815 @ 54.80p
16:35 2,403 @ 54.80p
16:35 51,861 @ 54.80p

Severfield Key Personnel

CEO Alan Dunsmore
Finance Director Adam Semple

Top of Page