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Hot Topic Budget 25
Hot Topic Budget 25
Investment
1 mins to read

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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Brent Melville Mon, 13 May 2024
Contact the Writer: bmelville@nbr.co.nz
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Fletcher downgrades guidance on ‘tough’ residential market
Investment,
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