Progressive publishes new research

RNS Number : 9994Y
Forterra plc
18 May 2021
 

'Materially' improved outlook lifts guidance

We have increased our FY2021E PBT, EPS and dividend estimates all by 16% after the building materials producer indicated in this morning's AGM statement that this year's performance would be "materially ahead of the Board's previous expectations". This was driven, in our view, entirely by strong demand in the Bricks & Blocks division from both housebuilding and repair and maintenance. However, the Group, the UK's second biggest brick manufacturer, became the latest of many suppliers to highlight the growing impact of supply chain inflations and shortages.

 

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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

 

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Emily Ritchie

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Forterra (FORT)
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