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Forterra (FORT) investor relations material
Forterra Trading Update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Financial performance
Year-to-date revenue reached £336m, up 16% from the prior year (£290m).
Revenue growth in the last four months slowed to 10% year-on-year, compared to 20.4% in H1.
H2 despatches and revenue are expected to match H1 levels, with H2 adjusted EBITDA modestly ahead of H1.
Net debt before leases is anticipated to be below H1, with leverage slightly above one times adjusted EBITDA.
Market and operational update
New build housing demand remains stronger than the RMI market, supporting revenue growth.
Domestic brick despatches for the nine months to September 2025 were 10% higher than 2024.
Brick imports are subdued and flat as a percentage of overall consumption.
Production at Desford is ramping up, with both kilns operational and output increasing.
Output is being managed to match demand, maintaining production discipline.
Strategic initiatives
Wilnecote factory construction is nearly complete, with commissioning underway and first bricks expected before year-end.
Initial range of brick slips from the Accrington facility is set to launch soon.
Closures of Bison Bespoke and Formpave operations have been completed as planned.
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