Forterra ( (GB:FORT) ) has provided an update.
Forterra plc reported a 29% decline in FY24 adjusted profit before tax to £22.1 million, yet exceeded expectations by 11% due to a strong recovery in the fourth quarter, highlighted by a 17% year-over-year increase in brick dispatches. Despite a challenging year, the company remains optimistic for FY25, supported by positive early trends and government reforms that may boost construction activity.
More about Forterra
Forterra plc operates in the construction materials industry, primarily focusing on the production and distribution of bricks. The company is positioned to benefit from governmental planning reforms aimed at accelerating building projects, which could enhance its market presence.
YTD Price Performance: -1.85%
Average Trading Volume: 563,713
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £329M
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