RCS - Forterra plc - Progressive publishes new research

ForterraAnnouncement

10/03/2023 09:30

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RNS Number : 5809S  Forterra plc  10 March 2023

 Robust performance amid FY22 challenges

Brick and concrete products group Forterra narrowly beat our estimates in
 yesterday's FY22 results, which showed resilient trading despite the chaos
 following September's 'mini-budget'. We have introduced initial estimates for
 FY23E that assume lower volumes and profits. Our market view, however,
 suggests that our assumptions on demand may prove conservative, while we
 believe that the group will benefit from recent investments as the industry
 recovers from multi-decade lows in inventories.

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(https://progressive-research.com/research/robust-performance-amid-fy22-challenges/)

 

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