Fletcher Building says 2024 financial year earnings tracking 'slightly behind'

Ross Taylor of Fletcher Building's market shares are stable, with solid pricing in its materials businesses. (Image: NZME)

Staff reporters

Fri, 27 Oct 2023

Fletcher Building told the market before its annual meeting on Friday that earnings before interest and tax (Ebit) before significant items were tracking “slightly behind” the company’s previous expectations, due to residential sector softening in its New Zealand business.“Our market shares are stable and we are seeing solid pricing in our materials businesses, however, there is strong price competition in the merchant distribution channel,” chief executive Ross Taylor said.He told the New Zealand stock exchan...

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