Severfield plc reaffirmed earnings guidance for the year ending 31 March 2022. The group reported that trading in the first five months of the 2022 financial year has continued to be positive and is in line with management's expectations. The Group's financial position remains good, albeit the recent steel and other input price rises are impacting working capital in the short term, and the outlook for the year ending 31 March 2022 is unchanged. As anticipated, profits for the 2022 financial year are likely to have a second half bias (the profit weighting for first half /second half is expected to be approximately one third /two thirds), with several ongoing contracts expected to deliver higher profits in the second half of the year.