Brief: Fletcher Building Says Construction Division Performed Solidly With 1Q25 Earnings Improving

Fletcher Building

22/10/2024 20:33

Oct 23 (Reuters) - Fletcher Building Ltd  FBU.NZ :
    * CONSTRUCTION DIVISION HAS PERFORMED SOLIDLY WITH 1Q25
EARNINGS
AND MARGINS IMPROVED YOY.
    * EXPECT FY25 EBIT BEFORE SIGNIFICANT ITEMS TO BE C.60%
WEIGHTED
TO 2H25
    * CONTINUE TO EXPECT FY25 MARKET VOLUMES IN OUR MATERIALS
AND
DISTRIBUTION BUSINESSES TO BE C.10% - 15% LOWER THAN FY24
    * COST SAVINGS OF AT LEAST NZ$180 MILLION EXPECTED TO BE
C.60%
WEIGHTED TO 2H25


Further company coverage:  FBU.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))