Forterra Plc £FORT - A Valuation On 13th August 2021
A local brick manufacturer that operates in an underserved market with plenty of structural demand. The pandemic threw them off in the short term, but conditions are normalising.
Summary
Forterra is a local brick manufacturer that operates in an underserved market with plenty of structural demand. The pandemic threw them off in the short term, but conditions are normalising, and Forterra is bouncing back. The local manufacturers have a cost advantage over the international ones, and this will help them return margins and growth t…