Forterra plc Progressive publishes new research
25 November 2021 - 07:00PM
RNS Non-Regulatory
TIDMFORT
Forterra plc
25 November 2021
FY outlook confirmed with cost rises contained
Brick and concrete products manufacturer Forterra has confirmed it expects FY2021E results
will be in line with management expectations as strong demand and price increases have offset
input cost inflation. This should have a short-term impact on margins, but mitigated with
increased revenue expectations. Looking to FY2022E and beyond, housebuilding volumes are predicted
to keep growing, while we believe the Group's pricing power will be supported by industry-wide
brick inventories falling to a 23-year low.
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