Covid-19 hit to Fletcher won't be as bad as GFC - analysts

Thu, 30 Apr 2020

Government support measures mean the impact of the coronavirus crisis on Fletcher Building's core New Zealand operations won't be as bad as the hit they took during the global financial crisis, according to Craigs Investment Partners analysts. They also expect the impact of the current crisis on building activity won't be as severe as during the GFC. Head of research Grant Swanepoel and analyst James Wallace estimate the company's earnings before interest, tax, depreciation and amortisation from its building products, concrete, steel dist...

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