22 Jan 2020 07:00
22 January 2020
Forterra plc
Trading update
Forterra plc, a leading UK producer of manufactured masonry products, provides this trading update for the year ended 31 December 2019.
The Group demonstrated its resilience during the final quarter in the face of continued political and economic uncertainty in the UK and we anticipate underlying 2019 full year profit before tax to be in line with the Board's expectations.
Looking ahead, the Board expects the challenging market conditions experienced in the second half of 2019 to gradually improve but anticipates that the Group's performance in the first half of 2020 will be below that achieved in the first half of 2019. The Board continues to see a market underpinned by strong fundamentals.
The construction of our new plant at Desford is progressing to plan and we expect the structure of the building to be completed in the spring ready for the fit out and installation of the manufacturing equipment.
Annual results for the financial year ended 31 December 2019 will be announced on 10 March 2020.
Enquiries
Forterra plc: | +44 (0) 1604 707 600 |
Stephen Harrison (CEO) | |
Ben Guyatt (CFO) | |
FTI Consulting: | +44 (0) 20 3727 1340 |
Richard Mountain | |
Nick Hasell |
Forterra (FORT)