Brick maker Forterra has issued a reassuring trading update ahead of tomorrow’s investor day, highlighting “encouraging” trends in volume and industry stock levels. We are not changing our P&L estimates but have again trimmed our projected net debt, notwithstanding further modest capex signalled for 2017. The company, in our view, stands to gain from likely government action to boost housebuilding volumes and has continued to demonstrate its operational and financial foc
16 Nov 2016
Solid statement. Stronger cash flow.
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Solid statement. Stronger cash flow.
Forterra Plc (FORT:LON) | 158 -0.6 (-0.3%) | Mkt Cap: 335.4m
- Published:
16 Nov 2016 -
Author:
Alastair Stewart -
Pages:
3
Brick maker Forterra has issued a reassuring trading update ahead of tomorrow’s investor day, highlighting “encouraging” trends in volume and industry stock levels. We are not changing our P&L estimates but have again trimmed our projected net debt, notwithstanding further modest capex signalled for 2017. The company, in our view, stands to gain from likely government action to boost housebuilding volumes and has continued to demonstrate its operational and financial foc