Severfield-Rowen PLC
09 January 2007
9 January 2007
SEVERFIELD-ROWEN PLC
2006 Trading Update
Severfield-Rowen Plc, the market leading structural steel group, issues the
following trading update relating to its full year performance for the year
ended 31 December 2006.
Severfield-Rowen expects to deliver another strong performance for the full year
2006 with significant increases in both profits and margins.
In its half year announcement of 26 September 2006 the Group referred to current
trading being ahead of management's expectations. This persisted through to the
end of the year and as a result management now expects profit before tax to be
materially ahead of current market consensus.
The Group continues to operate in a buoyant market which is experiencing a high
demand for large scale projects. With strong demand for the Group's products
and services, group-wide production efficiencies enhancing margins and with
every group subsidiary contributing profitably, Severfield-Rowen is confident in
its prospects for 2007.
For further information please contact:
Severfield-Rowen Peter Levine 0113 246 9993
Financial Dynamics Richard Mountain 020 7269 7291
This information is provided by RNS
The company news service from the London Stock Exchange
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