Severfield (SFR)

Sector:

Construction and Building Materials

Index:

FTSE Small Cap

71.80p
   
  • Change Today:
      1.80p
  • 52 Week High: 75.00p
  • 52 Week Low: 50.00p
  • Currency: UK Pounds
  • Shares Issued: 308.98m
  • Volume: 447,025
  • Market Cap: £221.85m
  • RiskGrade: 178

Severfield expects full-year results to be 'comfortably ahead' of expectations

By Iain Gilbert

Date: Tuesday 21 Nov 2017

LONDON (ShareCast) - (ShareCast News) - Structural steelwork company Severfield saw pre-tax profits rise 59% in the six months leading to 30 September, as the group's 1,400 employees split their time between 80 new projects, including Tottenham Hotspur's new stadium and work to the roof of Wimbledon's No.1 court.
Severfield, specialists in the design, fabrication and construction of structural steel, recorded a 16% boost in revenue from its steel business, which jumped from £118.2m to £137.1m, taking underlying pre-tax profits up from £8.1m to £12.9m in the process.

The firm's UK order book increased to £245m from £229m a year earlier, as the group continued work on a major new commercial head office building and a new commercial tower at 22 Bishopsgate, London.

Severfield announced on Tuesday that it expected its full-year results to be "comfortably ahead of previous expectations" as it increased its interim dividend 29% to 0.9p per share.

Alan Dunsmore, acting chief executive officer, said: "I am delighted to be reporting a strong set of results for the half year, which reflects the Group's continued delivery against our strategic targets, improved margins and strong cash generation.

"Building on this performance, we now expect that our full-year results will be comfortably ahead of our previous expectations.

"Severfield, with its market-leading position, strong order book and pipeline, is well placed to continue to deliver enhanced value for shareholders," he concluded.

As of 0920 GMT, shares were leaping 9.38% to 70.55p.

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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 71.80p
Change Today 1.80p
% Change 2.57 %
52 Week High 75.00p
52 Week Low 50.00p
Volume 447,025
Shares Issued 308.98m
Market Cap £221.85m
RiskGrade 178

Severfield Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
3.69% below the market average3.69% below the market average3.69% below the market average3.69% below the market average3.69% below the market average
7.69% below the sector average7.69% below the sector average7.69% below the sector average7.69% below the sector average7.69% below the sector average
Price Trend
52.14% above the market average52.14% above the market average52.14% above the market average52.14% above the market average52.14% above the market average
21.95% below the sector average21.95% below the sector average21.95% below the sector average21.95% below the sector average21.95% below the sector average
Income
70.53% above the market average70.53% above the market average70.53% above the market average70.53% above the market average70.53% above the market average
62.50% above the sector average62.50% above the sector average62.50% above the sector average62.50% above the sector average62.50% above the sector average
Growth
3.85% above the market average3.85% above the market average3.85% above the market average3.85% above the market average3.85% above the market average
2.44% above the sector average2.44% above the sector average2.44% above the sector average2.44% above the sector average2.44% above 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 13-May-2024

Time Volume / Share Price
15:52 50,000 @ 72.00p
15:52 82,250 @ 72.00p
16:35 5,983 @ 71.80p
16:35 416 @ 71.80p
16:35 14 @ 71.80p

Severfield Key Personnel

CEO Alan Dunsmore
Finance Director Adam Semple

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