Fletcher Building returns to profit as EBIT rises 26%, flags uncertain outlook
Fletcher Building reported a return to profit with EBIT up 26%, but warned that economic, political and geopolitical uncertainty will weigh on H1 FY27 performance, with no meaningful volume recovery expected until CY2027.
FBU.NZ
Fletcher Building has moved back into profit, with EBIT rising 26%. The company said the economic, political and geopolitical backdrop remains uncertain and is expected to weigh on performance in the first half of FY27.
- FY27 capital expenditure is seen at NZ$170 million.
- A meaningful recovery in underlying volumes is not expected until CY2027.
Source: First Squawk