Some significant contract awards have boosted Severfield’s UK order book from آ£185m at the start of November 2015 to آ£246m at the start of this month – a 33% increase.
Concern about projects getting stalled remainsa concern. “The market continues to present a good level of opportunities although , slippage in potential timescales still remains a risk as clients scrutinise forecast overall project costs with caution,†the company said in a trading update.
Despite this, with Severfield having cut its overhead costs in recent years, profits are growing even more strongly than revenues, it said.
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