Forterra plc Progressive publishes new research

TIDMFORT

Forterra plc

24 November 2020

 
Guidance raised and dividends reinstated 
 Brick and concrete products group Forterra has raised its guidance for FY 2020E to above the 
 current consensus range and reinstated dividends following trading in Autumn which exceeded 
 its previous expectations and which has continued strongly despite the second lockdown. We 
 have increased our FY 2020E revenue, EBITDA and EPS estimates by 3%, 14% and 46% respectively, 
 and cut our net debt projection. We have introduced FY 2021E estimates showing further strong 
 expected growth. 
 

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November 24, 2020 03:24 ET (08:24 GMT)