The Severfield Plc directors have declared an interim dividend in respect of the six months ended 28 September 2024 of 1.4p per share (H1 2024: 1.4p per share) which will amount to an estimated dividend payment of £4,200,000 (H1 2024: £4,292,000). This dividend is not reflected in the balance sheet as it was declared and will be paid after the balance sheet date, on 7 February to shareholders on the register at the close of business on 10 January.
Other financial highlights include:
Revenue up 17% to £252.3m (H1 2024: £215.3m)
Underlying profit before tax up 14% to £16.1m (H1 2024: £14.2m)
Period-end net debt (on a pre-IFRS 16 basis) of £11.6m (30 March 2024: £9.4m), includes acquisition loans of £16.9m, and reflects a stable working capital position
Results include non-underlying cost of £20.4m for bridge remedial works programme, excludes potential recoveries from third parties, assessment of any further remedial costs remains ongoing
Diversified UK and Europe order book of £410m at 1 November 2024 (1 July 2024: £460m), includes new industrial, data centre, infrastructure, energy and commercial office orders
Continued strategic progress in India - expansion plans have been accelerated, new production facilities expected to be operational in FY26
Record India order book of £197m at 1 November 2024 (1 July 2024: £181m)
Additional capital returns through ongoing £10m share buyback programme
