The New Zealand-headquartered building material manufacturer said it was seeing a fall in volumes as demand for its products falls.
Fletcher Building cuts its profit forecast for 2022-23 for the second time this year on weaker housing markets and wet weather.
Fletcher Building said it expected sales volumes to slide by about 8 per cent across its business in the next financial year asFletcher, which is listed on the New Zealand and Australian exchanges, on Wednesday downgraded its profit forecast for the 12 months to June 30, the second time this year, amid aThe company runs a $3 billion-plus business in Australia under brands including Tradelink plumbing and bathroom supplies, Laminex, Stramit roofing and structural steel, Iplex pipes, Oliveri...
“This represents a solid performance as we have seen market activity soften in the second half, along with the ongoing impact of wet weather,” he said.
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