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Nov 24 2020, 07:45 GMT
Forterra has revealed that trading has been better than expected since the group’s last update in September. Adjusted EBITDA for the year is now anticipated to be at least £34m. This is over 6% higher than the top of the previously guided range and also implies a 7% plus increase to consensus estimates. Hence, it is clear that after a very challenging first half Forterra has regained ground in H2. The stock has performed better recently – up almost 15% in the past month – but remains down over 30% year-to-date.
Nov 24 2020, 07:45 GMT