Highlights

At Fletcher Building we have a wider perspective. We have a 100-year view of the built environments we have helped create across Australasia and around the world. That informs our development of products, materials and services for a new century.

We have experienced the impacts of changing economic cycles and we manage these by drawing on the strengths of market-leading positions and our diverse geographical and industry base.

This year we focused on maximising our cashflow and restructuring the business. Economic recovery is inevitable, and when it comes, we expect to be strongly positioned.

Chairman's review

Chief Executive's review

Divisional reviews

Environment and Society

100yrs

In 2009 we’re celebrating 100 years since James Fletcher built his first house in New Zealand, founding a tradition of imagination, hard work and entrepreneurship that helped shape a nation.

$314m

Net earnings after tax before unusual items, on stable revenues of $7,103 million. Unusual items of $360 million were incurred, giving rise to a net loss of $46 million. Operating earnings (earnings before interest and tax) before unusual items were $558 million compared with $768 million in the previous year.

23%

Cashflow from operations was up 23 percent to $533 million compared with $434 million in 2008.

15%

Total Recordable Injury Frequency Rate per million hours (TRIFR) this year was 23.41 compared with 27.76 in 2008, a reduction of 15 percent. Lost Time Injury Frequency Rate (LTIFR) was 5.31, compared with 5.74 in 2008.