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Severfield PLC - Thirsk, England-based structural steelmaker - Expects to deliver in line with previous expectations for the year ended March 31. Says orderbook value in the UK and Europe at April 1 stands at £479 million, up from £393 million at November 1. Adds the orderbook is well-diversified and contains a ‘healthy’ mix of projects. The UK represents 94% of the order book. Says it is managing the disruption to raw material supplies well. In India, the company says its joint venture has performed profitably and in line with expectations during the second half of the year. As a result, the company says it remains ‘positive’ moving forward.
The company will announce its full-year result on June 15.
Stock price: 71.86 pence
12-month change: down 5.2%
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