Turnover at brickmaker up 12% to £386m
Brickmaker Forterra said it is still too early to say what the impact of last November’s Budget and the following month’s cut in interest rates will have on its business this year.
In a trading update this morning, the firm said 2025 revenue was 12% up on last time at £386m.
It added: “As expected, we saw a moderation of quarterly growth rates through the year due to stronger comparatives and Budget related uncertainty. Whilst demand reduced from the levels seen around the middle of the year, brick remained the most resilient of our product lines.
“Given the timing of the November 2025 Budget being so late in the year, alongside the mid-December 2025 cut in interest rates, it is too early to assess the impact of these events on demand.
“Longer term market fundamentals remain attractive with a shortage of housing, a strong desire within Government to address this, and a constrained supply of essential building products.”
The firm is due to release its 2025 results on 11 March.
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