Severfield (SFR)

Sector:

Construction and Building Materials

Index:

FTSE Small Cap

33.00p
   
  • Change Today:
      1.60p
  • 52 Week High: 89.00
  • 52 Week Low: 19.05
  • Currency: UK Pounds
  • Shares Issued: 296.18m
  • Volume: 765,959
  • Market Cap: £97.74m
  • RiskGrade: 178

Severfield trading in line with expectations

By Josh White

Date: Tuesday 30 Jul 2024

LONDON (ShareCast) - (Sharecast News) - Structural steel company Severfield said in an update on Tuesday that trading since the start of the financial year had met expectations.
The London-listed firm, which was holding its annual general meeting, said it remained on track to deliver results for 2025 in line with its forecasts, supported by a robust cash and balance sheet position.

Its order book for the UK and Europe remained strong, standing at £460m as of 1 July, with £369m scheduled for delivery over the next 12 months.

The order book was well-diversified, reflecting what the company described as a strengthened market position in Europe, where 32% of its projects are located.

Market conditions were showing signs of improvement, although pricing remained competitive in shorter cycle sectors like distribution.

Looking ahead, Severfield said it was well-positioned to capitalise on long-term growth trends in sectors such as green energy, commercial and industrial, and nuclear and infrastructure.

Key opportunities included battery plants, energy-efficient buildings, renewable energy manufacturing facilities, offshore wind projects, and major infrastructure projects.

The demand for data centres in the UK and European Union was also rising, driven by cloud computing, 5G, and artificial intelligence advancements.

In India, the construction sector was growing robustly, with Severfield's Indian order book at £181m, comprising 72% higher-margin commercial work.

The company said it was accelerating expansion plans in partnership with JSW to meet the growing market demand, with new factory capacity increases expected in the second half of the year.

Severfield's Indian joint venture, JSSL, was also well-positioned to benefit from the positive economic outlook and strong demand for structural steel.

Severfield's share buyback programme, announced in April, was progressing well, with 2,577,383 shares purchased and cancelled to date at a cost of £1.9m.

The group said it would announce its half-year financial results on 26 November.

At 1142 BST, shares in Severfield were up 0.15% at 82.32p.

Reporting by Josh White for Sharecast.com.

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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 33.00p
Change Today 1.60p
% Change 5.10 %
52 Week High 89.00
52 Week Low 19.05
Volume 765,959
Shares Issued 296.18m
Market Cap £97.74m
RiskGrade 178

Severfield Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
64.61% above the market average64.61% above the market average64.61% above the market average64.61% above the market average64.61% above the market average
68.42% above the sector average68.42% above the sector average68.42% above the sector average68.42% above the sector average68.42% above the sector average
Price Trend
79.76% below the market average79.76% below the market average79.76% below the market average79.76% below the market average79.76% below the market average
84.62% below the sector average84.62% below the sector average84.62% below the sector average84.62% below the sector average84.62% below the sector average
Income
93.43% above the market average93.43% above the market average93.43% above the market average93.43% above the market average93.43% above the market average
84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average
Growth
21.94% below the market average21.94% below the market average21.94% below the market average21.94% below the market average21.94% below the market average
2.70% above the sector average2.70% above the sector average2.70% above the sector average2.70% above the sector average2.70% above the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 3
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 09-Jan-25 05-Sep-24
Paid 07-Feb-25 11-Oct-24
Amount 1.40p 2.30p

Trades for 29-May-2025

Time Volume / Share Price
16:35 21,271 @ 33.00p
16:35 1,225 @ 33.00p
16:35 2,878 @ 33.00p
16:35 1,327 @ 33.00p
16:35 320 @ 33.00p

Severfield Key Personnel

CEO Alan Dunsmore
Finance Director Adam Semple

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