Forterra

FORT · Main Market · Construction and Materials · mcap £298m · 145.2p

Forterra makes bricks, concrete blocks, precast concrete and related products, mainly for UK housebuilders and the repair and improvement market. It runs factories such as Desford and Wilnecote.

Target	Promise	Said	Status
2024
31 Dec 2024	Full year 2024 expectations unchanged	21 May 2024	✗ Missed · target changed
	“our full year expectations remain unchanged, with a greater weighting towards H2 than previously guided” Result In July, guidance was reset to adjusted EBITDA of around £50m, below earlier expectations; £52m was delivered. “we therefore now expect FY 2024 adjusted EBITDA to be around £50m”30 Jul 2024 · Six months ended 30 June 2024 “Adjusted EBITDA was £52.0m (2023: £58.1m) with profitability impacted not only by depressed demand, but also by the significant operating inefficiencies”12 Mar 2025 · Final Results
Today · 11 Oct 2026
2026
31 Dec 2026	2026 adjusted EBITDA slightly ahead of 2025, later in line with consensus	11 Mar 2026	✗ Missed · target changed
	“We anticipate demand in H2 will be similar to that seen in H1, supporting the Board's expectations that the Group will deliver a full year result in line with consensus” Also stated 28 Jul 2026 Result In July, guidance became 'in line with consensus' after H1 EBITDA fell to £27.0m from £29.9m. “We anticipate demand in H2 will be similar to that seen in H1, supporting the Board's expectations that the Group will deliver a full year result in line with consensus”28 Jul 2026 · Six months ended 30 June 2026