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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Severfield
Severfield (SFR) investor relations material
Severfield Trading update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Trading update summary29 Jul, 2026
Trading performance and outlook
Trading at the start of FY27 is in line with expectations, with unchanged guidance for underlying profit before tax of £12m–£15m.
The order book reached £534m as of 1 July 2026, with £375m scheduled for delivery in the next 12 months, providing strong visibility for FY27.
Recent project wins, especially in the data centre sector in the UK, Germany, and Sweden, have strengthened the order book.
Continental Europe now represents 32% of the UK and Europe order book, up from 28%, reflecting successful contract awards and expansion.
FY27 is a transition year, with first-half profitability impacted by lower-margin work, while higher-quality projects are expected to drive margin recovery in FY28.
India joint venture update
The Indian joint venture (JSSL) saw its order book rise to £327m (₹4,143 crore) as of 1 July 2026, up from £267m (₹3,440 crore) on 1 June 2026.
Growth is driven by data centre projects and new orders from partner JSW, supporting future revenue visibility.
JSSL is positioned to make a growing contribution to group profitability over the medium term.
Strategic and operational highlights
The group continues to expand its presence in continental Europe and India, focusing on higher-quality, margin-accretive projects.
Transformation programmes and a stronger order book underpin confidence in medium-term margin recovery.
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Latest events from Severfield
- Stable revenue, strong India growth, and robust order book offset UK margin pressure.SFR
H2 2026 - FY26 profit and liquidity targets met; FY27 outlook cautious amid project delays and market risks.SFRH2 2026 TU
- Revenue and profit fell, but net debt improved and India order book hit a record high.SFRH1 2026
- Profits fell on lower UK/Europe demand and bridge costs, but India and order books show growth.SFRH2 2025
- Profits hit by £20.4m bridge charge and market delays, but India and order book remain strong.SFRH1 2025
- Order book strength and expansion in India support Severfield's positive growth outlook.SFRTrading Update
- Profit growth outpaced expectations, driven by strong order books and green energy markets.SFRH2 2024
- FY25 profit guidance maintained, order book grows, and future prospects remain robust.SFRTrading Update
- Profit outlook cut for FY25 and FY26 amid tough markets, but FY27 pipeline strengthens.SFRTrading Update
Next Severfield earnings date
H1 202724 Nov, 2026
Severfield
Next Severfield earnings date
H1 202724 Nov, 2026
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Frequently asked questions
Severfield plc engages in the designing, manufacturing, fabrication and erection of steelwork activities in the United Kingdom, Republic of Ireland, Mainland Europe and India. It manufactures metal decking products; plate girder sections, rectangular and/or circular apertures; optimal section profiles; intumescent coating products. The company also provides steel framed modular equipment rooms and housing; steelworks including the main structure mezzanines stairs balustrade platforms staircase fabrication composite non-composite plain cellular beams offload edge protection systems; constructional steel products: