Fletcher downgrades guidance on ‘tough’ residential market
Downgrade knocks an effective $75 million from expected group ebit, including restructuring costs.
Nick Traber, managing things ‘within our control’.
Fletcher Building kicked the week off with more bad news for its investors, with a downgrade to its earnings guidance to a range of between $500 million and $530m at earnings before interest and tax (ebit) level.
At a mid-point of $515 million, that's effectively down $75 million on its prior
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