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Mar 26 2024, 08:15 GMT
Forterra plc
2023 a difficult year but better times ahead
- Sectors : Building products
- Companies : Forterra plc
DAVY VIEW
Formal results confirm that 2023 was a tough year for Forterra. The broad thrust of the results is as would have been expected, and it is understandable that the tone of the group’s commentary remains cautious overall. The full impact of cost savings will help ringfence profitability this year, and further down the line there is a case for a sharp, operationally leveraged-led rebound in earnings as the UK housing market recovers.
