UK order book stands at £221m
The company carrying out the steelwork contract on Tottenham Hotspur’s new ground said its work in the UK is helping it keep on course to post interim results in line with expectations.
In an update ahead of its AGM, Severfield said its UK order book on 1 September stood at £221m and added: “Both the quality of the order book and the strength of the UK pipeline are consistent with our continued progress towards our strategic targets.”
It added its business in India has an order book of £64m and was “well positioned to take advantage of an improving local economy”.
Severfield said more of its 2018 profit will come from the first six months of the year. Cenkos analyst Kevin Cammack said: “The [statement] is a classic ‘as you were’ update regarding Fy18 trading.”
The firm will announce its interims on 21 November.
Chairman John Dodds (pictured) took over as executive chairman earlier this year after the firm announced chief executive Ian Lawson was temporarily stepping down due to ill health.