Severfield announces Interim Results for the period ended 30 September 2015

Severfield plc, the market-leading structural steel group, is pleased to announce its interim results for the six month period ended 30 September 2015.

Ian Lawson, Chief Executive Officer commented:

“I am delighted to announce another six months of good progress at Severfield. We have achieved growth in revenue, profits and cash generation, year-on-year margin increases and also remain on track for continuing margin improvement.

We remain very active in our chosen sub-sectors of focus, specifically construction and infrastructure and our order book remains solid at £185m and the pipeline healthy. The order book comprises a good balance of small and medium-sized projects, and could have been even greater had some of our larger prospects not been subject to material delays in mandates being awarded. We expect the Group’s performance to continue to improve, supporting cash generation, investment, the achievement of our growth expectations and the maintenance of our progressive dividend policy.”

A copy of the interim results presentation can be found here.