Forterra plc Progressive publishes new research
May 21 2024 - 2:50AM
RNS Non-Regulatory
RNS Number : 2524P
Forterra plc
21 May 2024
Guidance maintained amid early
signs of uplift
Today's AGM statement reaffirms
Forterra's FY24E guidance despite a continuation of 'challenging'
conditions, made worse by record rainfall. The group expects a
greater H2 weighting than previously guided, but has seen improved
demand for front-end housebuilding materials, including foundations
products. This tallies with our belief that housebuilders have
re-entered the land market and plan to increase production as early
as Q2.
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