Forterra plc Progressive publishes new research
22 November 2022 - 6:54PM
RNS Non-Regulatory
TIDMFORT
Forterra plc
22 November 2022
Forecasts maintained amid 'robust' trading
Leading UK brick and concrete products manufacturer Forterra has confirmed FY22E guidance
in today's trading update, which highlighted 'robust' trading for the 10 months to 31 October.
We have maintained our FY22E adjusted PBT at GBP69.1m. We believe that recent sales weakness
highlighted by housebuilders could have only limited impact due to the ultra-low inventory
levels in the UK brick industry.
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