Severfield trading as expected, flags second-half weighting

Severfield said in an update on Tuesday that trading since the start of its financial year had been in line with expectations, with full-year results for the 2026 financial year still expected to be heavily weighted towards the second half.

Severfield
02 September 2025 12:52:50

Source: Sharecast

The London-listed structural steel specialist reported an order book of £420m for the UK and Europe as of 1 September, down from £444m in July but with £330m of work scheduled for delivery over the next 12 months.

It said 19% of the order book related to projects in continental Europe and Ireland, compared with 22% previously.

In India, Severfield’s joint venture JSSL reported a record order book of £252m, up from £240m in July, with 85% comprising higher-margin commercial work.

The company said India’s construction sector and use of structural steel continued to grow strongly.

Severfield said the bridge remedial works programme was progressing as planned, with no changes to cost estimates.

It confirmed it had now received the full £20m insurance recovery agreed with its professional indemnity insurers.

The company recently extended its £60m revolving credit facility to December 2027, and said its financial position remained strong with a continued focus on cash generation and working capital control.

Half-year results were due on 25 November.

At 1227 BST, Severfield shares were down 0.34% at 32.39p.

Reporting by Josh White for Sharecast.com.

Transferring your account

Transfer your existing ISAs and Share Dealing Accounts and you could save money. In order to transfer, log in to your existing account and complete the online application form. We’ll do the rest for you. It’s free to transfer (we will not charge you). Please check your current provider to see if they have any charges for transferring.

Transfer to us

N/A

Isin: N/A

Exchange: N/A

Sell:

N/A

Buy:

N/A

Change:

Date:

Prices delayed by at least 15 minutes

Compare our accounts

If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.

View our accounts

Bank of Scotland is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.

Important legal information

Bank of Scotland Share Dealing Service is operated by Halifax Share Dealing Limited. Halifax Share Dealing Limited. Registered in England and Wales No. 3195646. Registered Office: Trinity Road, Halifax, West Yorkshire HX1 2RG. Authorised and regulated by the Financial Conduct Authority, 12 Endeavour Square, London, E20 1JN under number 183332. A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.

The information contained within this website is provided by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd unless otherwise stated. The information is not intended to be advice or a recommendation to buy, sell or hold any of the shares, companies or investment vehicles mentioned, nor is it information meant to be a research recommendation. This is a solution powered by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd incorporating their prices, data news, charts, fundamentals and investor tools on this site. Terms and conditions apply. Prices and trades are provided by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd and are delayed by at least 15 minutes.

Data provided by FE fundinfo. Care has been taken to ensure that the information is correct, but FE fundinfo neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.