James Hardie Industries Says In Europe, Anticipate Overall Addressable Market To Be Down In FY25 Versus FY24, While Europe Building Products Segment Is Expected To Perform Above The Market; Fy25, We Have Adjusted Our Transfer Pricing On Intercompany Sale Of Product From U.S. To Europe
Portfolio Pulse from Benzinga Newsdesk
James Hardie Industries anticipates a decline in the overall addressable market in Europe for FY25 compared to FY24. However, the company's Europe Building Products segment is expected to outperform the market. Additionally, James Hardie has adjusted its transfer pricing on intercompany sales from the U.S. to Europe.
May 20, 2024 | 8:50 pm
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James Hardie Industries expects a decline in the overall addressable market in Europe for FY25 but anticipates its Europe Building Products segment to outperform the market. The company has also adjusted its transfer pricing on intercompany sales from the U.S. to Europe.
The anticipated decline in the overall European market could negatively impact revenues, but the expected outperformance of the Europe Building Products segment may offset some of this impact. The adjustment in transfer pricing could also affect financials, but the net effect is uncertain, leading to a neutral short-term price direction.
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