RCS - Forterra plc - Progressive publishes new research

ForterraAnnouncement

12/03/2025 08:15

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RNS Number : 3588A  Forterra plc  12 March 2025

 Forterra plc:
 Positive year-end trends continuing into FY25E

FY24 adjusted PBT declined by 29% to £22.1m following a 'challenging' year,
 but beat our estimate by 11% as the recovery seen in Q4 gathered pace, with a
 17% Y/Y increase in brick despatches for the quarter. We are not changing our
 FY25E estimates at this early stage in the year, but believe they look
 conservative given the FY24 'beat', an encouraging start to the year, a slew
 of positive indicators and, medium term, the government's sweeping planning
 reforms announced yesterday, aimed at accelerating building.

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(https://progressive-research.com/research/positive-year-end-trends-continuing-into-fy25e/)

 

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 Broad coverage                    Analyst calibre

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 Mining             Utilities                 awards          StarMine

 

 

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