Severfield鈥檚 order book stands at a record high of 拢479m (as of 1st April), up by nearly 拢180m in the past seven months.
Most of the current orders 鈥� 拢382m 鈥� are for delivery in the next 12 months; 94% of orders are for UK projects, with the remainder in mainland Europe and the Republic of Ireland.
鈥淲e continue to be encouraged by the current level of tendering activity across the group, both in the UK and in continental Europe,鈥� the board said, 鈥渁nd are well-positioned to take advantage of some significant opportunities in the industrial and distribution (battery plants and distribution centres), stadia and leisure, transport infrastructure, nuclear and data centre sectors.
鈥淒espite seeing further input cost inflation (including in steel prices) and some disruption to raw material supplies as a result of Russia's invasion of Ukraine, we are currently managing these effectively, and steel remains largely a pass-through cost for the group.
鈥淲ith a record UK and Europe order book of 拢479m, a very encouraging pipeline of opportunities, and a well-positioned business in India, the outlook for the group remains positive, although we remain mindful of the ongoing effects of Russia's invasion of Ukraine.鈥�
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