Forterra plc Progressive publishes new research
24 November 2020 - 7:24PM
RNS Non-Regulatory
TIDMFORT
Forterra plc
24 November 2020
Guidance raised and dividends reinstated
Brick and concrete products group Forterra has raised its guidance for FY 2020E to above the
current consensus range and reinstated dividends following trading in Autumn which exceeded
its previous expectations and which has continued strongly despite the second lockdown. We
have increased our FY 2020E revenue, EBITDA and EPS estimates by 3%, 14% and 46% respectively,
and cut our net debt projection. We have introduced FY 2021E estimates showing further strong
expected growth.
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