bullish

Severfield - Harry Peers deal enhances earnings

1.1k Views04 Oct 2019 21:07
Issuer-paid
SUMMARY

The acquisition of Harry Peers & Co brings additional expertise to the Severfield portfolio, with particular strengths in relatively robust infrastructure sub-segments. The deal enhances our earnings estimates by over 6% in a full year and raises Severfield’s three-year EPS CAGR to FY22 to just over 8%, and good order book positions provide some comfort given domestic near-term eco-political uncertainties.

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