Annual General Meeting Statement

At today’s Annual General Meeting of Severfield plc, to be held at noon at the Aldwark Manor Hotel, YO61 1UF, Chairman John Dodds will make the following statement:

”This year Severfield has continued its progress as the UK’s market-leading steel fabricator, moving further towards the Group vision of being leaders in structural steel, creating a legacy for future generations through world class engineering and design excellence. During the last year Severfield has delivered substantial operational improvements across the Group and the stabilisation programme is ongoing. Market development in India remains an area of high focus, and the Group is well positioned for the recovery of the UK construction sector, with its market leading position and robust balance sheet. The Group has momentum in delivering against its strategic objectives, with significant prospects for operating margin growth, profit growth, increased revenue and positive cash flow going forward.”