SEVERFIELD PLC (SFR) — FY Results

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the SEVERFIELD PLC full year results investor presentation. Throughout the recorded presentation investors will be in listen only mode. Questions are encouraged and can be submitted at any time via the q and a tab situated in the right hand corner of your screen. Just simply type in your questions and press send. The company may not be in a position to answer every question it receives during the meeting itself. However, the company can review all the questions submitted today and publish responses where it is appropriate to do so. Before we begin, I'd like to submit the following poll. I'd now like to hand you over to Alan Dunsmore, CEO. Good morning to you, sir. Thank you, Alessandro. Good morning, everybody, and thank joining. You So before we go into the highlight of the results, we want to just frame what we're going to talk about with what we've achieved over the last eight years. This first chart shows that we've delivered an eight year CAGR of 14% despite the very many crosswinds and headwinds that we're all very familiar with during that period. What it says to us is two or three things. One, we're building a kind of resilient business and two, we've got a strategy that's delivering and delivering growth and we think if we go through the slides in the next thirty, forty minutes or so, will present more opportunities for further growth in revenue and profit in the future. So moving on to the headlines for the year. We delivered revenue of £463,000,000 a little bit lower than last year for a couple of reasons. With the cancellation of one big contract for Sunset Studios, which we communicated during the year that it was £50,000,000 of revenue, with slight reduction in steel prices year on year, which comes through the revenue line, ...