RCS - Forterra plc - Progressive publishes new research

ForterraAnnouncement

24/11/2020 08:25

RNS Number : 3028G
  
Forterra plc
  
24 November 2020
  
 





Guidance raised and dividends reinstated
Brick and concrete products group Forterra has raised its guidance for FY 2020E to above the current consensus range and reinstated dividends following trading in Autumn which exceeded its previous expectations and which has continued strongly despite the second lockdown. We have increased our FY 2020E revenue, EBITDA and EPS estimates by 3%, 14% and 46% respectively, and cut our net debt projection. We have introduced FY 2021E estimates showing further strong expected growth.
 




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About Progressive:
 
Progressive is an equity research and investor engagement company.  FCA authorised and regulated, the firm has a 15-strong team of highly experienced analysts.  We provide Institutional grade research and connect companies with investors across every sector of the market.
 
www.progressive-research.com
 



Broad coverage
 


Analyst calibre
 




across 12 sectors


 


 


 












 


 


 




Business Services


Oil & Gas


15
analysts


with average


20
years




Financials


Property


experience of




Healthcare


Retail








Industrials


Technology


30+






techMARK




Investment Trusts


Telecoms


industry based


Extel




Mining


Utilities


awards


StarMine



 
For further information please contact:
 
Emily Ritchie
+44 (0) 20 7781 5311
eritchie@progressive-research.com

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