Severfield upbeat

THE chairman of structural steel group Severfield says the group is well positioned for the recovery of the UK construction sector.

Ahead of the North Yorkshire headquartered group’s AGM, John Dodds said during the last year Severfield has delivered “substantial” operational improvements across the group and the stabilisation programme is ongoing.

“Market development in India remains an area of high focus, and the group is well positioned for the recovery of the UK construction sector, with its market leading position and robust balance sheet,” he said.

“The group has momentum in delivering against its strategic objectives, with significant prospects for operating margin growth, profit growth, increased revenue and positive cash flow going forward.”