Progressive publishes new research
Momentum continues after resilient FY2021Britain's leading structural steel specialist slightly beat our previously increased estimates for FY2021, with adjusted PBT of £24.3m in today's results, against our estimate of £24.0m. "Considerable positive momentum" has continued into FY2022E, with an increased order book in both UK & Europe and also in the Indian JV, despite the second wave hitting the sub-continent. We are not changing our FY2022E estimates, being early in the financial year, but continue to believe the Group is strongly placed to benefit from growth sectors including infrastructure and datacentres.
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About Progressive:
Progressive is an equity research and investor engagement company. FCA authorised and regulated, the firm has a 15-strong team of highly experienced analysts. We provide Institutional grade research and connect companies with investors across every sector of the market.
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Broad coverage
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Analyst calibre
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across 12 sectors |
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Business Services |
Oil & Gas |
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with average |
20
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Financials |
Property |
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Healthcare |
Retail |
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Industrials |
Technology |
30+ |
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techMARK |
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Investment Trusts |
Telecoms |
industry based |
Extel |
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Mining |
Utilities |
awards |
StarMine |
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For further information please contact:
Emily Ritchie
+44 (0) 20 7781 5311
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