RCS - Forterra plc - Progressive publishes new research

ForterraAnnouncement

20/05/2025 07:45

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RNS Number : 3759J  Forterra plc  20 May 2025

Forterra plc ("Forterra")

 

New Progressive research note

 

Progressive Equity Research has been commissioned by Forterra to produce
ongoing research coverage.  A new research document has been published this
morning, and is freely available to UK investors.

 

Research note summary:

 

'Encouraging start' to year - upgrades later?

Forterra has issued an upbeat AGM statement, pointing to a 22% Y/Y increase in
revenue for the first four months of FY25 (our estimate for the full year,
+8%), with 'strong' performances in both divisions driven by an uplift in
housebuilding. Britain's second largest brick manufacturer is 'encouraged by
the positive start to the year', but 'at this stage in the year' its
expectations remain unchanged. We view this as conservative, with the risk on
the upside if current momentum is maintained.

 

 

Click here for full analysis
(http://progressive-research.com/research/Encouraging-start-to-year--upgrades-later)

 

Subscribe (https://www.progressive-research.com/register/)  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 (http://www.progressive-research.com)

 

For further information please contact:

 +44 (0) 20 7781 5300

info@progressive-research.com (mailto:info@progressive-research.com)

 

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