Brief: Fletcher Building Announces Trading Update For June 2026
17/06/2026 03:06
BRIEF-Fletcher Building Announces Trading Update For June 2026 June 17 (Reuters) - Fletcher Building Ltd FBU.NZ:
FLETCHER BUILDING TRADING UPDATE – JUNE 2026
MOODY'S CREDIT RATING TO BE WITHDRAWN
SIX RECENT DIVESTMENTS AND PROPERTY SALES TO DELIVER ~NZ$450M OF CASH
EXPECTS FY26 EBIT OF N$375M-NZ$380M
RISING FUEL COSTS, BROADER COST INFLATION LEADING TO DELAYS AND, SOME INSTANCES, CANCELLATIONS OF NEW PROJECTS
IF SUSTAINED, RISING FUEL COSTS AND BROADER COST INFLATION LIKELY TO WEIGH ON GROUP PERFORMANCE IN FIRST HALF OF FY27
Further company coverage: FBU.NZ
((Reuters.Briefs@thomsonreuters.com;))
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