Half Year 2023 Fletcher Building Ltd Earnings Call Transcript
Thank you for standing by, and welcome to the Fletcher Building FY '23 Half Year Results Briefing. (Operator Instructions) I would now like to hand the conference over to Mr. Ross Taylor, Chief Executive Officer. Please go ahead.
Good morning, everyone, and welcome to the presentation of our half year results for the 6 months ended December 31, 2022. Presenting with me today is our Group CFO, Bevan McKenzie. And the topics we plan to cover are shown in the agenda on slide 3. I'll provide an overview of the half year results, and then Bevan will provide a bit more detail on the financial performance and the outlook for the second half. I'll then sum up with how we're planning and thinking about FY '23 and beyond. And finally, we'll run through your questions at the end.
Turning to slide 4 and a summary of the half year results; we had a solid first half. EBIT increased year-on-year to $360 million, and this was underpinned by good growth in margins in our materials and distribution businesses, offsetting
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