Fletcher Building: cracks widen on blowouts, construction downturn

Fletcher Building: cracks widen on blowouts, construction downturn
NZ's largest building company "struggles" to pass on costs. (Image: FBU)
Brent Melville
The down-cycle in New Zealand’s residential construction sector and costly provisions for ‘legacy’ developments, notably the NZ International Convention Centre in Auckland, could see investors fall out of love with Fletcher Building this coming Valentine’s Day.Craigs Investment Partners (CIP) research analysts Cameron Parker and Ryan Li expect NZ’s biggest building materials and residential building group to post earnings before interest and tax (Ebit) of $327 million for the half year on Feb 14, down 9% year-...

More Property

Listed property firms welcome ‘Investment Boost'
Property

Listed property firms welcome ‘Investment Boost'

The tax policy could translate into millions in extra cash.

Gregor Thompson 04 Jul 2025
The business born battling Vector connection contracts
Property

The business born battling Vector connection contracts

'Pretty on the nose': Developers challenge Vector's hefty fees.

Garth Bray 04 Jul 2025
Formcrete Construction owes $7.4m as liquidation unfolds
Property

Formcrete Construction owes $7.4m as liquidation unfolds

A large chunk of the debt is shareholder loans.

Riley Kennedy 03 Jul 2025