Fletcher shares rise as it targets 8.2% margin this year

Fletcher shares rise as it targets 8.2% margin this year
Fletcher Building chief executive Ross Taylor is making progress towards his goals.
Jenny Ruth
Fletcher Building's forecast to lift operating earnings in the current year by more than fourfold assumes a near 25% lift on 2019 operating margins.The company is forecasting earnings before interest and tax (ebit) for the year ending June will come in between $650 million and $665m, above its previous guidance of $610m to $660m and up from the pre-one-off losses ebit of $160m the previous year.That assumes an ebit margin of about 8.2%. While the 2020 ebit margin was just 2.2% before one-off losses of $276m, that largely reflected the impac...

More Property

Vector faces fresh complaint on unfair contract terms
Property

Vector faces fresh complaint on unfair contract terms

Vector faces more scrutiny over contract terms after Commerce Commission advice.

Vector ‘on notice’ for unfair contract terms; complainant now facing higher costs
Property

Vector ‘on notice’ for unfair contract terms; complainant now facing higher costs

A developer’s Fair Trading win against Vector feels like a loss.

Garth Bray 01 Jul 2025
Investore buys New Lynn Bunnings site for $43 million
Property

Investore buys New Lynn Bunnings site for $43 million

Investore Property has struck a deal to acquire the Bunnings complex in New Lynn, Auckland.The company told the market on Friday it had entered an unconditional agreement to acquire the property for $43 million.The 2.2-hectare site at 2–12 Titirangi Rd features an 11,000sq m buil...

Staff reporters 27 Jun 2025
Senior Trust offeror gets a serve from FMA
Property

Senior Trust offeror gets a serve from FMA

Senior Trust has been paying returns with new investor funds and borrowings.

Maria Slade 26 Jun 2025