Forterra plc Reports Net Debt Results for the Year Ended December 31, 2016; Provides Earnings Guidance for the Year Ended December 31, 2016
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.