Fletcher Building downgrades forecast due to slow house sales

Fletcher Building downgrades forecast due to slow house sales
Fletcher is holding an investor day on Wednesday. (Image: Getty)
Staff reporters
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...

More Business

Firms do better when more women are on boards: analysts
Bloomberg

Firms do better when more women are on boards: analysts

The most gender-diverse companies deliver higher shareholder returns than others.

Bloomberg 14 Dec 2024
Todd Corporation: the reset
Finance

Todd Corporation: the reset

Legacy gas assets will give way to a focus on solar electricity generation.

Pattrick Smellie 13 Dec 2024
‘Technicality’ behind auditor’s going concern: EMA chief
Business

‘Technicality’ behind auditor’s going concern: EMA chief

The EMA's auditor said there is 'material uncertainty'.

Gregor Thompson 06 Dec 2024
The Icehouse adds three new board members
News in Brief

The Icehouse adds three new board members

Business growth organisation The Icehouse has added three new members to its board.On Monday, chair David Downs welcomed Duncan McFarlane, founder of Indevin Group; Rewa Willis, co-founder of Sherson Willis; and Mark Synnott, the chief executive of Colliers for almost 29 years, w...

Staff reporters 02 Dec 2024