11th Nov 2026 11:53
(Alliance News) - Forterra PLC on Wednesday said it expects adjusted earnings to fall as it announced a decline in revenue and sales, citing continued pressure on housing affordability in the UK.
The Northampton, England-based clay and concrete product manufacturer said revenue fell 12% on a like-for-like basis to GBP282.7 million in the first ten months of 2026, a worse decline than of 9.3% in the first half of 2026.
The firm noted lower sales volumes as well as reduced fixed-cost absorption.
Forterra said it will implement inflationary price increases from January. It added that it viewed the UK government's Your First Home Scheme as a "welcome development" that should provide support to the housing market over time.
It cautioned: "However, with its delayed introduction in April 2027, alongside continued pressure on housing affordability and consumer confidence, the group expects market conditions to remain challenging in the near-term."
Looking ahead, the firm expects 2026 adjusted earnings before interest, tax, depreciation and amortisation of around GBP50 million, down 19% from GBP61.6 million in 2025.
Forterra shares fell 6.1% to 156.20 pence each on Wednesday just before noon in London.
By Tom Budszus, Alliance News slot editor
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