Fletcher Building says it's not out of the woods yet, but their financial situation is improving.

It recorded an $11 million half-year loss  - down from $134 million the year before.

Earnings are out of the red at $45 million, compared to $-88 million the year before.

Chief executive Andrew Reding says they'll take a while to get back on track.  

"We're not forecasting great times for our financial year 2026, and indeed think that the calendar year 2027 is when things are lined up and moving properly."

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Fletcher Building says it's not out of the woods yet, but their financial situation is improving.
It recorded an $11 million half-year loss &nbsp;- down from $134 million the year before.
Earnings are out of the red at $45 million, compared to $-88 million the year before.
Chief executive Andrew Reding says they'll take a while to get back on track. &nbsp;
"We're not forecasting great times for our financial year 2026, and indeed think that the calendar year 2027 is when things are lined up and moving properly."
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Andrew Reding: Fletcher Building CEO on the company posting a smaller half-year loss

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/f332c449-0ec6-4d7a-96bb-b3f5005bf8cd/transcript