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Fletcher Building Limited ( (FRCEF) ) has shared an announcement.
Fletcher Building Limited reported a decline in trading volumes and pressure on margins in Q1 FY26 due to weak demand and competitive market conditions, particularly in New Zealand. Despite these challenges, the company is implementing a cost-out program targeting NZ$100m in savings to mitigate earnings impact and is focusing on cash preservation and cost discipline to navigate the downturn, with hopes of improved market conditions following recent OCR adjustments.
More about Fletcher Building Limited
Fletcher Building Limited is a major player in the construction and building materials industry, primarily focusing on light and heavy building products, distribution, and residential development. The company operates predominantly in New Zealand and Australia, catering to both residential and infrastructure sectors.
Find detailed analytics on FRCEF stock on TipRanks’ Stock Analysis page.