Australia | 12:11 PM
Brickworks continues to derive benefit from strong construction activity on Australia’s east coast but, beyond the next 6-12 months, the outlook is more uncertain.
-Rising energy costs envisaged eroding margins in FY18
-Property earnings and profits expected to ease from highs
-Strong building product order book, not expecting demand to slow for 12 months
By Eva Brocklehurst
Brickworks ((BKW)) is confident in the short-term outlook for building products, particularly on Australia’s east coast. Nevertheless, brokers consider the outlook becomes more uncertain as FY18 progresses, because of higher energy costs and slowing building activity.
Macquarie assesses the headwinds to growth are very real. Rising energy costs ar…
Read the full article at: https://www.fnarena.com/index.php/2017/09/22/solid-short-term-outlook-for-brickworks/