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Fletcher Building Limited

We are a significant employer, manufacturer, home builder, and partner on major construction and infrastructure projects.
Our roots go back to 1909, when James Fletcher built his first house with Albert Morris in Dunedin, New Zealand.

From those humble beginnings, we today employ over 16,000 people in New Zealand, Australia, and the South Pacific.

In New Zealand, we employ some 10,000 people across almost every region of the country and make a significant contribution to both the national economy and many regional economies.

In Australia, we have significant operations in the manufacture and distribution of building products, employing over 5,000 people across the country, and some 800 people working on construction in the South Pacific.

We are in the business of building.
We manufacture building products; from insulation that keeps homes warm and dry, to cement, the foundation of built structures the world over. We operate retail businesses that distribute these products and many more to tradespeople right across the Tasman.

We also build homes, buildings, and infrastructure that create communities, improve productivity, and contribute to the quality of life for people living and working in cities and regions across our markets.

Fletcher Building is dual listed on the NZX and ASX and operates through six divisions – Building Products, Distribution, Concrete, Residential and Development, Construction, and Australia.

We are a major investor in local manufacturing in New Zealand and today, we are the only local fully integrated manufacturer of cement left in the country, through our Golden Bay Cement business.

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Analyst Views

FBU – Credit Suisse rates the stock as Neutral

The company has indicated the outlook is difficult and plans to cut 1500 jobs. The prospect of breaking even on earnings (EBIT) in the fourth quarter, which usually represents 40-45% of annual EBIT, highlights the downside associated with any return to more restrictive lockdown measures, Credit Suisse asserts.

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