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Progressive publishes new research

12th Mar 2025 08:14

RNS Number : 3588A
Forterra plc
12 March 2025
 

Forterra plc:

Positive year-end trends continuing into FY25E

FY24 adjusted PBT declined by 29% to £22.1m following a 'challenging' year, but beat our estimate by 11% as the recovery seen in Q4 gathered pace, with a 17% Y/Y increase in brick despatches for the quarter. We are not changing our FY25E estimates at this early stage in the year, but believe they look conservative given the FY24 'beat', an encouraging start to the year, a slew of positive indicators and, medium term, the government's sweeping planning reforms announced yesterday, aimed at accelerating building.

 

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]

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