Severfield plc Reports New Data Centre Wins Amid Transition Year

Severfield plc reported on July 30, 2026, that it has secured several new projects in the data centre sector across the UK, Germany, and Sweden. These wins contributed to a total order book of £534 million as of July 1, with £375 million slated for delivery over the next 12 months.

Parallel growth occurred within the company's Indian joint venture, Jindal Stainless Steelway Ltd., which expanded its order book to £327 million following similar awards in the data centre space. Despite these gains, the company describes fiscal year 2027 as a transition year. Management attributes this to the completion of lower-margin work resulting from a competitive pricing environment.

Severfield expects higher-quality projects to drive profitability improvements in late 2027 and into 2028. The board maintained its FY27 guidance, projecting an underlying profit before tax between £12 million and £15 million.