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