Full Year 2021 Forterra PLC Earnings Call Transcript
Well, good morning, and welcome to Forterra's 2021 Annual Results Presentation. I'm Stephen Harrison, Chief Executive of Forterra.
And I'm Ben Guyatt, Chief Financial Officer.
So let's move straight on to the financial highlights that we're going to present this morning.
We're pleased to deliver a strong performance last year. Volumes are now back to pre-pandemic levels. Margins reduced slightly towards the end of the year as we had cost inflation come through. But we've made our pricing more agile, and we delivered a double-digit price increase at the end of 2021, and we have a further price increase being double-digit price increase coming through on the 1st of April this year. Our dividend policy is in line with our published intention to pay out 55% of our profits. And we announced a share buyback in January that is ongoing.
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