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Fletcher downgrade ‘disappointing’ – analyst

Revised numbers reflect more weakness in housing market as shares swoon.

With housing slowing, the top end of Fletcher profit guidance is now seen as a tough ask.

Tim Hunter Tue, 14 Feb 2023

A profit warning from construction group Fletcher Building, attributed by the company to bad weather in January and February, has highlighted the slower-than-expected housing market, says an updated research note from Forsyth Barr.

“Recent wet weather was highlighted as the key reason for

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Tim Hunter Tue, 14 Feb 2023
Contact the Writer: thunter@nbr.co.nz
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Fletcher downgrade ‘disappointing’ – analyst
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