Severfield Plc (GB:SFR) has released an update.
Severfield Plc, a leader in the structural steel industry, has announced a robust pre-close update for the financial year ending 30 March 2024, with results surpassing expectations and a record order book in the UK and Europe indicating a positive outlook. The company is initiating a share buyback program worth £10 million, reflecting its strong financial position and commitment to delivering shareholder value. The outlook remains optimistic with a diversified order book and a growth strategy poised to capitalize on long-term market opportunities, despite some economic uncertainties.
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