Become a Member

Track your favourite stocks
Create & monitor portfolios
Daily portfolio value

Company	Chg	Chg %
Quickpicks
£	%
Add shares to your quickpicks to display them here!

Progressive publishes new research

10th Mar 2023 09:18

RNS Number : 5809S

Forterra plc

10 March 2023

Robust performance amid FY22 challenges

Brick and concrete products group Forterra narrowly beat our estimates in yesterday's FY22 results, which showed resilient trading despite the chaos following September's 'mini-budget'. We have introduced initial estimates for FY23E that assume lower volumes and profits. Our market view, however, suggests that our assumptions on demand may prove conservative, while we believe that the group will benefit from recent investments as the industry recovers from multi-decade lows in inventories.

Click here for full analysis

Subscribe to Progressive's research, which is freely available to every type of investor, and be kept informed about our regular programme of investor engagement.

About Progressive:

Progressive is an equity research and investor engagement company. FCA authorised and regulated, the firm has a 15-strong team of highly experienced analysts. We provide Institutional grade research and connect companies with investors across every sector of the market.

www.progressive-research.com

Broad coverage		Analyst calibre
across 12 sectors

Business Services	Oil & Gas	15 analysts	with average	20 years
Financials	Property		experience of
Healthcare	Retail
Industrials	Technology	30+		techMARK
Investment Trusts	Telecoms		industry based	Extel
Mining	Utilities		awards	StarMine

For further information please contact:

+44 (0) 20 7781 5300

[email protected]

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

NRAGCGDXSBBDGXG

Related Shares:

FTSE 100 Latest

Value8,275.66

Change0.00