Forterra (GB:FORT) has released an update.
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Forterra plc, a leading UK manufacturer of building products, reported a 6% drop in revenue during the first four months of 2024, citing tough trading conditions and lower market demand exacerbated by poor weather. Despite this, the company maintained its full-year guidance, aided by stringent cost control and commercial discipline, and anticipates a stronger second half of the year if the recent uptick in activity continues. CEO Neil Ash highlighted the company’s ability to weather the weak market due to strategic cost-saving actions taken in the previous year.
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