Bison Acquisition Positively Impacts Forterra’s 2018 First Half Results
Sales increased 10.6% in the 2018 first half for Forterra.
Forterra plc recently announced its results for the six months ended June 30, 2018. Sales increased 10.6% due to the Bison acquisition, higher aircrete block volumes, and price increases applied to offset cost inflation.
“The group delivered a solid performance in the first half, supported by a good result from the Brick and Block product lines,” said Stephen Harrison, CEO. “Continued levels of activity from the new build single unit residential market led us to anticipate a Brick and Block performance in line with our expectations for the second half. The outlook for Bespoke Products is predicated on the expected recovery of precast sales and the conversion of the order book into deliveries as that segment of the market recovers. As a result, we anticipate the group’s profit before tax for the full year to be in line with the board’s expectations.”
For more information, visit https://forterra.co.uk.