Published on: September 14, 2020
Post-lockdown bounce “exceeds expectations”
Trading since lockdown has “exceeded management expectations”, brick and concrete products group Forterra has confirmed in its HY results to June. Brick and block volumes have recovered strongly, buoyed by strong housebuilding and refurbishment, while production has commenced at all plants – giving the Group sufficient confidence to recommence financial guidance for FY 2020E. We believe recovery in demand is likely to gather pace, fuelled by Government support for housebuilding.