Published on: March 27, 2023
Outlook confirmed ahead of investor teach-in
Severfield, the UK’s leading structural steel specialist, has signalled ahead of today’s Capital Markets Event that a strong second-half performance confirms that FY23 results should be in line with its previous expectations. The acquisition of Dutch fabricator Voortman Steel Construction Holding (VSCH), announced on 15 March, also prompted us to increase estimates for the following two years (see note). Today’s event will include a focus on opportunities in Europe, while the Indian JV continues its profitable growth.