Forterra, the Northampton-headquartered producer of manufactured masonry products, witnessed strong trading throughout 2021.
According to a trading update for the year ended 31 December 2021, full year brick sales volumes were 33% ahead of 2020 and 1% ahead of 2019.
Meanwhile full year revenue is expected to total approximately £370m, a 27% increase on 2020 (£291.9m) and a 3% reduction relative to 2019 (£380.0m).
Stephen Harrison, Chief Executive of Forterra plc, said: “The strong customer demand seen through 2021 continued up to the end of the year, with 2022 trading continuing where 2021 ended. Having successfully delivered sizeable price increases across our product ranges we are confident of delivering meaningful growth in 2022. We remain watchful of further inflationary cost pressures, and we will apply further price increases as necessary.
“The continued strength of demand for our products bodes well, with customers already keen to secure supply ahead of the commissioning of our new brick factory at Desford later this year. We expect 2022 will be an important year as we prepare for a step change in output and financial performance from early 2023.”
