Forterra ( (GB:FORT) ) has issued an announcement.
Forterra plc reported strong cash generation and improved performance in the second half of 2024 despite challenging market conditions. The company saw a slight increase in adjusted EBITDA and significant strategic progress in its capital investment projects. Brick despatches increased by 2% compared to 2023, and Forterra anticipates further market recovery in 2025, supported by government housing initiatives and strategic investments in manufacturing capacity.
More about Forterra
Forterra plc is a leading UK manufacturer specializing in essential clay and concrete building products. The company holds strong market positions in clay bricks, concrete blocks, and precast concrete flooring, catering primarily to the new build housing market. Forterra is known for its durable and sustainable products, including the iconic Fletton brick under the London Brick brand and Thermalite aircrete blocks.
YTD Price Performance: -1.85%
Average Trading Volume: 563,713
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £329M
For a thorough assessment of FORT stock, go to TipRanks’ Stock Analysis page.