TIDMFORT

Forterra plc

18 May 2023

 
YTD 'in-line' as cutting-edge factory is unveiled 
 In its 16 May trading update, Forterra confirmed that it has traded in line with its expectations 
 in the first four months of FY23E (to 30 April) despite 'challenging' market conditions, and 
 continues to guide to a more H2-weighted result for the year driven by an improving housing 
 market. The update was ahead of yesterday's opening of its highly efficient Desford brick 
 factory, which, in light of recovering brick industry stock levels, has led the group to temporarily 
 mothball its less-efficient Howley Park plant.

Click here for full analysis

Subscribe 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

 
         Broad coverage                     Analyst calibre 
       across 12 sectors 
 
 Business Services   Oil & Gas       15       with average      20 
                                   analysts                    years 
    Financials        Property                 experience 
                                                   of 
    Healthcare         Retail 
    Industrials      Technology      30+                     techMARK 
 Investment Trusts    Telecoms                  industry      Extel 
                                                  based 
      Mining         Utilities                   awards      StarMine

For further information please contact:

+44 (0) 20 7781 5300

info@progressive-research.com

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

NRAFLFILETITLIV

(END) Dow Jones Newswires

May 18, 2023 07:12 ET (11:12 GMT)

Forterra (LSE:FORT)
Gráfica de Acción Histórica
De Abr 2024 a May 2024 Haga Click aquí para más Gráficas Forterra.
Forterra (LSE:FORT)
Gráfica de Acción Histórica
De May 2023 a May 2024 Haga Click aquí para más Gráficas Forterra.