Forterra plc Progressive publishes new research

TIDMFORT

Forterra plc

25 November 2021

 
FY outlook confirmed with cost rises contained 
 
 Brick and concrete products manufacturer Forterra has confirmed it expects FY2021E results 
 will be in line with management expectations as strong demand and price increases have offset 
 input cost inflation. This should have a short-term impact on margins, but mitigated with 
 increased revenue expectations. Looking to FY2022E and beyond, housebuilding volumes are predicted 
 to keep growing, while we believe the Group's pricing power will be supported by industry-wide 
 brick inventories falling to a 23-year low. 
 

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November 25, 2021 03:00 ET (08:00 GMT)