AGM update

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  • #4730
    Nick Hargrave
    Keymaster

    https://www.londonstockexchange.com/news-article/FORT/pre-agm-trading-update/15957531

    Business confirming a challenging first quarter as expected but a more positive outlook, re-affirming expectations – current market expectations are slightly ahead of our forecasts. The key for us was confirmation of our thesis that in a period of falling demand, imports would take the brunt of the fall and allow the company to remain consistently profitable and this appears to be playing out with imports falling 45%. With Desford now online it is good to see the company focusing on optimising its assets and driving savings

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