Forterra plc Progressive publishes new research

TIDMFORT

Forterra plc

22 November 2022

 
Forecasts maintained amid 'robust' trading 
 
 Leading UK brick and concrete products manufacturer Forterra has confirmed FY22E guidance 
 in today's trading update, which highlighted 'robust' trading for the 10 months to 31 October. 
 We have maintained our FY22E adjusted PBT at GBP69.1m. We believe that recent sales weakness 
 highlighted by housebuilders could have only limited impact due to the ultra-low inventory 
 levels in the UK brick industry. 
 

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November 22, 2022 02:54 ET (07:54 GMT)