Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Masonry products maker Forterra upgraded is guidance on profit as strong trading seen in September and October had continued through year-end.
For the year ended 31 December 2020, Accordingly, adjusted EBITDA, stated before exceptional items, were expected to be approximately £37 million, an increase on the previous guidance of at least £34 million, while adjusted pre-tax profit was expected to be £16 million respectively.
'We are pleased to report that the strong trading seen through September and October continued through to the end of the year, exceeding our expectations,' the company said.
'Brick and Block revenues for November and December combined were 6% higher than the corresponding prior year period taking full year group revenues to approximately £290 million,' it added.
At 8:37am: (LON:FORT) Forterra PLC share price was 0p at 221.5p