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Fletcher Building Provides AGM Documents and 1H 2021 Guidance

25 Nov 2020  |  09:34:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Annual Shareholders Meeting documents and 1H21 guidance

Fletcher Building provided AGM documents and 1H 2021 guidance. The trading update also showed that it is making good progress on improving the operating performance across all of its businesses. Group revenues up slightly by 1%, Group EBIT is $227m, up $80m, Group EBIT margin up 2.9ppts to 8.4% due to improved operating efficiency, and its cash flows and balance sheet remain sound with net debt at $388m and available liquidity at $1.4bn as at 31 October 2020.

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