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Nov 25 2021, 07:55 GMT
Forterra plc
Expectations unchanged amid margin pressure
- Sectors : Building products
- Companies : Forterra plc
DAVY VIEW
Forterra expects to deliver a 2021 result in line with management’s expectations. However, the cost pressure flagged since the interim results means that a better sales result will be offsetting lower margins. Importantly, the group is focused on price increases to recover costs while also securing its inputs for 2022 (c.60% of total energy requirements secured). Combined with capacity projects, both should benefit margins in 2022.
