skip to content

Trading statements

Forterra brick sales volumes up

16 November 2016 07:29

Forterra says trading in the period from 1 July to the end of October has been encouraging, with brick sales volumes running ahead of prior year in each month and now also on a year to date basis.

The group continues to see strong levels of activity from the major housebuilders and the excess inventory being carried by merchants is working through the supply chain, as expected.

At the same time the level of brick imports has reduced.

Based on this, operating profit for 2016 is anticipated to be in line with management's expectations. The business continued to generate a strong level of operating cashflow, enabling net debt to be reduced further to £112.1m at 31 October 2016 after payment of the interim dividend of £4.0m (2.0 pence per share).

Net debt to EBITDA (calculated with reference to the last twelve months of earnings before exceptionals up to June 2016) was 1.7 times at October 2016 compared with 2.2 times at IPO.

Story provided by

Related Company: FORT

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?

Bluezest Aviva Aberdeen

Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.