RCS - Forterra plc - Progressive publishes new research

ForterraAnnouncement

22/11/2022 08:00

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RNS Number : 1890H  Forterra plc  22 November 2022

 Forecasts maintained amid 'robust' trading

 Leading UK brick and concrete products manufacturer Forterra has confirmed
 FY22E guidance in today's trading update, which highlighted 'robust' trading
 for the 10 months to 31 October. We have maintained our FY22E adjusted PBT at
 £69.1m. We believe that recent sales weakness highlighted by housebuilders
 could have only limited impact due to the ultra-low inventory levels in the UK
 brick industry.

 

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