Severfield

Severfield reports an increased order book of £534m in the UK and Europe as of 1 July (1 June: £507m). Projects in Europe and the Republic of Ireland now make up 32% of the order book; deliveries scheduled for the next 12 months total £375m (previously £339m). The joint venture in India increased its order book to £327m (adjusted: £267m as of 1 June). New orders mainly come from data‑centre projects in the UK, Germany and Sweden and from partner JSW. Severfield confirms guidance for FY 2027 with an expected pre-tax profit of £12–15m, but expects higher margins only in the second half and profits from larger projects likely in FY 2028. » Altro su de.investing.com

Severfield has signed early a new three-year agreement with its existing lending syndicate, comprising a renewed £60m revolving credit facility and the continued term loan of £7.6m. The facilities are unsecured, include an accordion option of up to £30m (subject to consent) and two one-year extension options for the RCF. The refinancing delivers reduced margins and more favourable covenants, aims to increase financial flexibility and lengthen the maturity profile. Severfield will publish full-year results and a strategy update on 23 June 2026. » Altro su de.investing.com

Severfield expects a pre-tax profit of around £10.2m for the year ending March 2026 and reports net debt of about £28m. The order book in the UK and Europe stands at £438m, of which £338m is scheduled for delivery in the next 12 months, while the joint venture in India recorded a record order intake of £331m. For 2027 management forecasts a pre-tax profit of £12–15m, below the consensus of £19m, citing a subdued market environment and the postponement of larger projects. Severfield received a total of £27.5m in insurance payments, is discontinuing the Modular Solutions segment and plans a strategic review in June; Jefferies reaffirms its "Buy" rating with a price target of 41 pence. » Altro su de.investing.com

Severfield reports a slightly better-than-expected result for H1 2026: revenue fell 18% to £206m, EBITA was £2.3m, pre-tax profit £0.6m and earnings per share 0.2p. Net debt was £21.7m at the end of September, and the order book in the UK and Europe stood at £429m (+5% y/y). The joint venture in India grew strongly (volume +55%, revenue £65.8m, EBITA margin 7.1%, order book £286m). Management confirms the 2026 full-year guidance; 95% of expected H2 revenue is covered by orders. Strategic plans are to be presented next year. » Altro su de.investing.com

Severfield plc said in a trading update for its annual general meeting that ongoing trading is in line with expectations and order books are stable; growth in the Indian joint venture reached a record level. Management confirmed the full-year forecast, emphasized a healthy financial position and focus on cash flow; the shares rose 2.5% after the announcement. Jefferies maintained a Buy rating with a 41.00 pence target and sees medium-term recovery and growth opportunities. » Altro su de.investing.com