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Company News Summary

Fletcher Building Provides an Update on FY 2021 EBIT Guidance and On-Market Share Buyback

26 May 2021  |  07:37:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: FBU on-market share buyback, FY21 EBIT guidance $650-$665m

Fletcher Building announced that it will undertake a capital return to shareholders of up to NZ$300m through an on-market share buyback. The buyback will commence in June 2021. FY 2021 EBIT before items guidance is $650-665m. Monetary policy settings likely to support low-interest-rate environment in the medium term.

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