Fletcher Building Ltd (NZSE:FBU)
NZ$ 2.95 0.08 (2.79%) Market Cap: 2.25 Bil Enterprise Value: 5.81 Bil PE Ratio: 163.89 PB Ratio: 0.68 GF Score: 76/100

Half Year 2020 Fletcher Building Ltd Earnings Call Transcript

Feb 18, 2020 / 10:00PM GMT
Release Date Price: NZ$5.18 (-0.96%)
Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Fletcher Building half year results analyst briefing. (Operator Instructions)

I'd now like to hand the conference over to your speaker today, CEO, Ross Taylor. Thank you. Please go ahead.

Ross H. Taylor
Fletcher Building Limited - CEO

Good morning, everyone, and welcome to the presentation of our results for the 6 months ended 31 December 2019. And presenting with me today will be our group CFO, Bevan McKenzie.

Slide 3 outlines our key talking points today, and I'll begin by providing an overview of the results, and then I'll run through the divisional performance in a bit more detail. Bevan will then talk through the overall financial performance for the half year. And then finally, I'll sum up with some outlook comments on the half year ahead.

Turning to Slide 4. Our first half revenue and earnings were broadly in line with expectations. Our revenue declined by 5% to $4 billion half-on-half. This decrease was part -- in part a result of having less legacy

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