The new boss says Boral has a competitive advantage through vertical integration, a large network of assets and a strong brand.
Vik Bansal says it is too early to say if price rises will be enough to offset the substantial inflation the business is facing.a round of annual price increases to August, prior to Mr Bansal starting, and this came on top of out-of-cycle price increases in January and February.
Mr Bansal said Boral did expect revenues to rise this year, and trading was in line with internal expectations in the first quarter of 2022-23. But whether those volume increases would be enough to deliver true operational leverage to bottomline profits this financial year, remained to be seen.Mr Bansal said he had already visited a number of Boral sites including cement plants, quarries, concrete batching plants, asphalt and recycling operations.
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