Forterra reported a 9% decline in like-for-like revenue to £169 million and a 12.7% drop in adjusted profit before tax to £14.5 million for the first half, as lower construction demand weighed on sales volumes. The adjusted EBITDA margin improved 70 basis points to 16%, helped by cost reductions, pricing actions, and the closure of non-core operations. Working capital increased by £20 million, pushing net debt before leases up to £74.5 million, though the company expects stronger second-half cash generation and maintained its full-year outlook in line with market consensus. Forterra plans to complete its £20 million share buyback, paid a £0.017 interim dividend, and is evaluating a potential £60–£65 million replacement Aircrete facility. CFO Ben Guyatt will depart in October, with Lisa Oxenham expected to succeed him by January.
Forterra PLCRevenue fell 9% due to weak construction demand, reducing sales volumes.