High pro­file projects boost Sev­er­field

Yorkshire Post - Business - - BUSINESS -

BRI­TAIN’S BIG­GEST steel work con­trac­tor Sev­er­field re­ported a healthy or­der book with a good mix of projects after tak­ing on a num­ber of high pro­file or­ders such as Wim­ble­don No.1 Court and the new sta­dium for Tot­ten­ham Hot­spur F.C.

The Thirsk-based group said trad­ing is in line with ex­pec­ta­tions and as a re­sult of the cur­rent phas­ing of con­tract works, the re­sults for the full year are ex­pected to be more first half weighted than in the prior year

Sev­er­field’s chair­man John Dodds told share­hold­ers at the AGM in York that the group’s trad­ing per­for­mance and fi­nan­cial po­si­tion is in line with man­age­ment ex­pec­ta­tions and the out­look for the year end­ing March 31 re­mains un­changed.

“The UK or­der book of £221m as at September 1 re­mains healthy with a good mix of projects, and is in line with our nor­mal or­der book lev­els which typ­i­cally equate to eight to ten months of an­nu­alised rev­enue,” Mr Dodds told share­hold­ers.

“Both the qual­ity of the or­der book and the strength of the UK pipe­line are con­sis­tent with our con­tin­ued progress to­wards our strate­gic tar­gets.”

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