Published on: September 1, 2021
Record order book supports earnings outlook
Britain’s leading structural steel specialist has highlighted in today’s AGM statement continuing positive trading in the first five months of FY2022E, in line with its expectations and we are maintaining all our estimates. Future prospects are supported by a new record high order book for the UK and Europe and an improving outlook for the Indian JV. The orders indicate healthy demand across a broad range of sectors including infrastructure and logistics, while the Group has announced a significant step toward Net Zero.