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Severfield steadfast with prospects brightening

The structural steel fabricator has come through pandemic-linked disruption better than most
Severfield steadfast with prospects brightening
  • The group maintains interim dividend and sees increased orders since mid-year
  • IHS Markit PMI manufacturing index points to an improving trading backdrop
IC TIP: Buy at 67p

Structural steel fabricator Severfield (SFR) has held onto its dividend and benefitted from a sales uptick in the six months to 30 September, with revenues up 40 per cent to £186m, while underlying earnings were broadly flat on the 2019 half-year.

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