Forterra plc Progressive publish new research

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.

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

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