RCS - Forterra plc - Progressive publishes new research

ForterraAnnouncement

21/05/2024 08:00

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RNS Number : 2524P  Forterra plc  21 May 2024

 Guidance maintained amid early signs of uplift

Today's AGM statement reaffirms Forterra's FY24E guidance despite a
 continuation of 'challenging' conditions, made worse by record rainfall. The
 group expects a greater H2 weighting than previously guided, but has seen
 improved demand for front-end housebuilding materials, including foundations
 products. This tallies with our belief that housebuilders have re-entered the
 land market and plan to increase production as early as Q2.

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