SEVERFIELD enjoyed a record order book of £393m in the UK and Europe over the past six months, with plans to construct bridges, industrial centres and the new stadium for Everton FC.

The structural steel group's revenues were up five per cent year on year, reaching £195.5m, while underlying profit before tax rose from £8.4m to £10.3m over the same period.

It has consolidated its position in the market despite inflationary pressures, soaring energy costs and industry-wide supply chain issues.

Despite increased profits, periodending net debt rose to £6.7m, a £10m downward swing on £4.4m net funds in the previous period. But the group is confident its strong order book gives its good profit visibility through 2023.

(c) 2021 City A.M., source Newspaper