EdisonTV | Construction & Building Materials | 04/02/2016
Executive Interview - Severfield
Chief executive Ian Lawson reaffirms the company is on track to meet 2016 margin targets established in 2013, and explains why the medium-term range is expected to be better. He also identifies some of the leading sector opportunities, giving examples of steps Severfield has taken to take advantage of them. The company believes an improvement in the Indian economy stimulated by government actions will allow its JV operation there to achieve consistent profitability. Lastly, Ian provides an insight into the group-wide cultural change that is underway.
Severfield (LSE: SFR) is a leading UK designer, fabricator and erector of structural steelwork operating across a broad range of market sectors. An Indian JV facility undertakes structural steelwork projects for the local market and is fully operational.
Toby Thorrington, Analyst, explains how Lupus Capital has restructured its business, made acquisitions and enhanced its market share to overcome the North American downcycle. Toby goes on to give a two- to three-year performance forecast and draws on the current rating of the business.
20/12/2012 | Tyman