Fletcher Building downgrades forecast due to slow house sales

Fletcher is holding an investor day on Wednesday. (Image: Getty)

Wed, 21 Jun 2023

Fletcher Building has pulled back expectations on its earnings to the lower end of its earlier forecast range. As part of an investor day presentation on Wednesday, the company has revised its expected earnings before interest and taxes (Ebit) figure to around $800 million for the 2023 financial year to June 30.During a presentation to the 2023 Macquarie Australia conference in May, the company said it expected Ebit to be $800m-$855m within the current financial year.Fletcher Building chief executive Ross Taylor said the number of housing...

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