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Edison Investment Research

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Leading International Investment Research, Edison Investment Research

Equity Bottom-Up

<p>Severfield continues to trade in line with existing expectations though adverse sector sentiment has weighed on the company&rsquo;s share price. There is a healthy and normal level of forward order cover and we believe that the project pipeline is likely to contain some good new project prospects. Overall, the AGM update provided reassurance for wary investors and, in our view, encouragement for potential new ones.</p>

Severfield continues to trade in line with existing expectations though adverse sector sentiment has weighed on the company&rsquo;s share price. There is a healthy and normal level of forward order cover and we believe that the project pipeline is likely to contain some good new project prospects. Overall, the AGM update provided reassurance for wary investors and, in our view, encouragement for potential new ones.

Severfield PLC

Reassurance and encouragement