RCS - Forterra plc - Progressive publishes new research

ForterraAnnouncement

Tue 07:45

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RNS Number : 9641S  Forterra plc  29 July 2025

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:

 

Housebuilding upturn drives forecast upgrades

Forterra's sector-leading exposure to volume housebuilders drove strong
revenue growth and an even stronger 82% uplift in adjusted PBT in the first
half, to 30 June. This performance is expected to drive a FY25E result
'significantly ahead of previous expectations', and we have raised our
estimate for adjusted PBT by 21% to £33.3m. Debt also fell more than the
group's projections, which, together with an improved outlook, has supported a
90% increase in the interim dividend. Longer term, the UK's second-largest
brickmaker's new investments leave it well placed to benefit from a full
market recovery.

 

 

Click here for full analysis
(http://progressive-research.com/research/Housebuilding-upturn-drives-forecast-upgrades)

 

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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