RCS - Forterra plc - Progressive publishes new research

ForterraAnnouncement

18/05/2021 10:30

RNS Number : 9994Y
  
Forterra plc
  
18 May 2021
  
 





'Materially' improved outlook lifts guidance
We have increased our FY2021E PBT, EPS and dividend estimates all by 16% after the building materials producer indicated in this morning's AGM statement that this year's performance would be "materially ahead of the Board's previous expectations". This was driven, in our view, entirely by strong demand in the Bricks & Blocks division from both housebuilding and repair and maintenance. However, the Group, the UK's second biggest brick manufacturer, became the latest of many suppliers to highlight the growing impact of supply chain inflations and shortages.
 




Click here for full analysis
 
Subscribe to Progressive's research, which is freely available to every type of investor, and be kept informed about our regular programme of investor engagement. 
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

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
NRAGCGDUUDBDGBI