Could Fletcher emerge from covid even worse off?

Tue, 25 Aug 2020

Fletcher Building could come out of the coronavirus crisis in an even worse position than it was going in, according to one analyst. Rohan Koreman-Smit at Forsyth Barr said there's a risk of further underlying deterioration in Fletcher's businesses. "Falling demand exacerbates the challenges of executing on turnaround initiatives. And a pullback in capex may starve the business of necessary investment," Koreman-Smit said in his commentary on the company's 2020 results. "Our concern is Fletcher may emerge from the downturn weaker than w...

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