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Nov 11 2026, 08:11 GMT
Forterra plc
No surprise that full year EBITDA guidance reduced
- Sectors : Building products
- Companies : Forterra plc
DAVY VIEW
Forterra has suggested that its adjusted EBITDA for 2026 is now likely to be circa £50m rather than the £55m that is currently expected. We believe this will not come as a major surprise given the well understood weakness in the UK housing market and the extremely negative update recently from Ibstock. Encouragingly, Forterra’s financial leverage remains relatively comfortable, which is important as it is highly likely trading conditions will remain challenging for the next while.
