Severfield-Rowen PLC
24 January 2008
24 January 2008
SEVERFIELD-ROWEN PLC
Order Book and Trading Update
Further to its pre-close trading statement last year, Severfield-Rowen Plc, the
market leading structural steel group, confirms that for the year ended 31
December 2007 the Group expects to report normalised profit before tax of
approximately £42m.
As we begin 2008 the Group is seeing a softening within some of its key markets,
however the Board remains confident that the high level of demand for
Severfield-Rowen's unique, wide ranging services and capabilities, position the
Group well to deliver growth this year, but at a somewhat lower level than our
previous expectations.
Contracts secured include high profile national projects from a whole
cross-section of sectors, including commercial, PFI, infrastructure, retail and
stadiums. The Group's total order book now stands at a record £440m, compared
to the £405m reported last month.
Severfield-Rowen will announce its full year results in early April 2008.
For further information please contact:
Severfield-Rowen Peter Levine 01845 577 896
Tom Haughey
Peter Davison
Financial Dynamics Richard Mountain / Sophie Kernon 020 7269 7225
This information is provided by RNS
The company news service from the London Stock Exchange