Brief: Forterra Says Ongoing Crisis In Middle East Has Created Further Challenges For Its Business
19/05/2026 07:38
May 19 (Reuters) - Forterra PLC FORT.L: FORTERRA PLC: ONGOING CRISIS IN MIDDLE EAST HAS CREATED FURTHER CHALLENGES FOR OUR BUSINESS FORTERRA PLC - 80% OF GAS REQUIREMENTS FOR 2026 SECURED AT PRE-CRISIS PRICING FORTERRA PLC - LOW TO MID SINGLE-DIGIT BRICK PRICE INCREASES IMPLEMENTED IN Q1 FORTERRA PLC - REVENUE FOR PERIOD ENDED APRIL 30, 2026 DECREASED 11% YEAR-ON-YEAR FORTERRA PLC - PRODUCTION RESCHEDULED FROM APRIL TO SECOND HALF OF 2026 TO MANAGE GAS COSTS FORTERRA PLC: PLAN TO RECOVER PRODUCTION IN SECOND HALF OF YEAR, WHICH WILL INCREASE SECOND HALF WEIGHTING OF OUR FULL-YEAR RESULT FORTERRA PLC: WE HAVE IMPLEMENTED SURCHARGES ON OUR CONCRETE PRODUCTS AND ANNOUNCED BRICK PRICING SURCHARGES TO TAKE EFFECT FROM 1 JUNE 2026 FORTERRA PLC: MEAST AND ASSOCIATED MACRO-ECONOMIC AND SUPPLY CHAIN RISKS DO NOT APPEAR TO HAVE MATERIALLY IMPACTED DEMAND FOR OUR PRODUCTS TO DATE FORTERRA PLC: FORECASTING HOW SECOND HALF OF YEAR WILL EVOLVE HAS BECOME MORE CHALLENGING Source text: ID:nRSS8013Ea Further company coverage: FORT.L ((Reuters.Briefs@thomsonreuters.com;))