Forterra (GB:FORT) has released an update.
Forterra plc reports a solid first half of 2024 with revenues of £162.1m, a decrease of 11.5% from the previous year, amidst challenging market conditions. The company maintained stable selling prices and controlled costs, leading to an adjusted EBITDA of £24.3m and an adjusted PBT of £9.1m. Despite market challenges, Forterra expects to capitalize on the government’s commitment to increase housing supply and is positioned to benefit from market recovery.
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