Forterra plc reported net debt results for the period ended December 31, 2016. Strong cash generation and improved working capital flows in the last quarter resulted in net debt of approximately £93 million at 31 December 2016, giving a leverage (net debt to adjusted EBITDA) ratio of less than 1.5 times.

In the last two months of the year, the Group continued to see good levels of activity from the major housebuilders and also from merchants as the excess brick inventory levels built up in the supply chain continued to reduce. Brick sales volumes were ahead of prior year for both months and also for the year as a whole. Based on this, full year operating profit is anticipated to be in line with management's expectations.