Aussie operations key to growth at Fletcher Building, CEO says

Thu, 26 Apr 2018

By Nikki Mandow April 27 (BusinessDesk) - Fletcher Building chief executive Ross Taylor says restructuring the company’s Australian operations and pushing up margins across the Tasman is one key to growth over the whole business. He says profit margins on Fletcher Building’s Australian operations are only 3-4 percent, compared with 8-9 percent in Fletcher’s New Zealand building products division, and 8-10 percent profitability at Australian competitors like CSR and Boral. Taylor should know about the potential of the Australian market....

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