Business
Progressive publish new research
Progressive publish new research.
About this update from Severfield Plc
[{"type":"text","content":"\n\n\n\n\n\n\n \nProfit and dividend 'beat' fuelled by Europe\nSeverfield has delivered underlying profits and dividend for FY24 ahead of our expectations, along with lower-than-expected net debt, 'due to strong operational delivery' despite softer market conditions. The group expects a result for FY25E in line with its expectations. We are slightly ahead of consensus and conservatively trim our adjusted PBT by 4.8%, but introduce forecasts for FY26E with 11% adjusted PBT growth, driven by accelerating demand in the UK and Europe for data centres, battery plants and power.\n \n \n\n\n\n\n\nClick here for full analysis\n \nSubscribe to Progressive's research, which is freely available to every type of investor, and be kept informed about our regular programme of investor engagement. \n \nAbout Progressive:\n \nProgressive is an equity research and investor engagement company. FCA authorised and regulated, the firm has a 15-strong team of highly experienced analysts. We provide Institutional grade research and connect companies with investors across every sector of the market.\n \nwww.progressive-research.com\n \n\n\n\n\nBroad coverage\n \n\n\nAnalyst calibre\n \n\n\n\n\nacross 12 sectors\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\nBusiness Services\n\n\nOil & Gas\n\n\n15 analysts\n\n\nwith average\n\n\n20 years\n\n\n\n\nFinancials\n\n\nProperty\n\n\nexperience of\n\n\n\n\nHealthcare\n\n\nRetail\n\n\n \n\n\n\n\nIndustrials\n\n\nTechnology\n\n\n30+\n\n\n \n\n\ntechMARK\n\n\n\n\nInvestment Trusts\n\n\nTelecoms\n\n\nindustry based\n\n\nExtel\n\n\n\n\nMining\n\n\nUtilities\n\n\nawards\n\n\nStarMine\n\n\n\n\n \n \nFor further information please contact:\n+44 (0) 20 7781 5300\[email protected]\n\n","length":8939,"tagName":"div"}]