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Share Price: 169.20

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Change: 6.60 (4.06%)

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Open: 169.20

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Progressive publishes new research

26 Jan 2021 08:15

RNS Number : 8960M

Forterra plc

26 January 2021

Bumper year-end prompts further upgrade

Stronger than expected trading in November and December has prompted brick and concrete products group Forterra to raise its FY 2020E guidance for a second time, with particularly strong cashflow resulting in a year-end net cash position rather than our expectation of net debt. This morning's trading statement increases EBITDA guidance by almost 9%, which feeds through to a 23% increase in our adj PBT estimate, with a corresponding rise in EPS and dividend. We do not intend to re-evaluate our FY 2021E forecasts results until March, but believe housing market indicators remain robust.

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Date		Source	Headline
10th Sep 2018	1:10 pm	RNS	Holding(s) in Company
5th Sep 2018	3:51 pm	RNS	Employee Benefit Trust Share Purchase
5th Sep 2018	7:00 am	RNS	Directorate Change
28th Aug 2018	5:08 pm	RNS	Holding(s) in Company
2nd Aug 2018	1:07 pm	RNS	Employee Benefit Trust Share Purchase
30th Jul 2018	7:00 am	RNS	Half-year Report
18th Jul 2018	9:44 am	RNS	Holding(s) in Company
10th Jul 2018	2:12 pm	RNS	Holding(s) in Company
5th Jul 2018	8:51 am	RNS	Employee Benefit Trust Share Purchase
2nd Jul 2018	1:58 pm	RNS	Holding(s) in Company
13th Jun 2018	1:44 pm	RNS	Director/PDMR Shareholding
8th Jun 2018	9:41 am	RNS	Holding(s) in Company
1st Jun 2018	1:41 pm	RNS	Employee Benefit Trust Share Purchase
29th May 2018	1:22 pm	RNS	Director/PDMR Shareholding
22nd May 2018	3:00 pm	RNS	Result of AGM
22nd May 2018	7:00 am	RNS	AGM Trading Update & Brick Capacity Expansion
21st May 2018	4:32 pm	RNS	Holding(s) in Company
14th May 2018	8:51 am	RNS	Holding(s) in Company
3rd May 2018	4:16 pm	RNS	Employee Benefit Trust Share Purchase
2nd May 2018	11:41 am	RNS	Holding(s) in Company
27th Apr 2018	1:14 pm	RNS	Director/PDMR Shareholding
26th Apr 2018	9:16 am	RNS	Holding(s) in Company
17th Apr 2018	8:49 am	RNS	Employee Benefit Trust Share Purchase
16th Apr 2018	7:25 am	RNS	Employee Benefit Trust Share Purchase
6th Apr 2018	7:00 am	RNS	Annual Report & Accounts 2017 & Notice of AGM
4th Apr 2018	5:01 pm	RNS	Holding(s) in Company
4th Apr 2018	9:13 am	RNS	Holding(s) in Company
28th Mar 2018	12:28 pm	RNS	Grant under Deferred Annual Bonus Plan
28th Mar 2018	12:25 pm	RNS	Grant under Performance Share Plan
14th Mar 2018	7:00 am	RNS	2017 FULL YEAR RESULTS
28th Feb 2018	3:34 pm	RNS	Holding(s) in Company
12th Feb 2018	1:29 pm	RNS	Holding(s) in Company
1st Feb 2018	12:49 pm	RNS	Holding(s) in Company
1st Feb 2018	11:54 am	RNS	Holding(s) in Company
30th Jan 2018	3:18 pm	RNS	Holding(s) in Company
18th Jan 2018	10:59 am	RNS	Director Declaration
8th Jan 2018	1:06 pm	RNS	Holding(s) in Company
14th Dec 2017	5:59 pm	RNS	Holding(s) in Company
22nd Nov 2017	7:00 am	RNS	Trading update
9th Nov 2017	10:01 am	RNS	Director Declaration
16th Oct 2017	5:27 pm	RNS	Holding(s) in Company
10th Oct 2017	8:36 am	RNS	Grant of Options under 2017 SAYE Scheme
4th Oct 2017	3:06 pm	RNS	Holding(s) in Company
4th Oct 2017	2:54 pm	RNS	Half-year Report
20th Sep 2017	9:37 am	RNS	Holding(s) in Company
8th Sep 2017	3:17 pm	RNS	Completion of Acquisition
4th Sep 2017	12:25 pm	RNS	Holding(s) in Company
31st Aug 2017	7:00 am	RNS	Appointment of Independent Non-Executive Director
8th Aug 2017	4:56 pm	RNS	Director/PDMR Shareholding
1st Aug 2017	7:00 am	RNS	FORTERRA PLC 2017 HALF YEAR RESULTS

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