Trading Statement

RNS Number : 6458P

Brickability Group PLC

13 February 2023

 

13 February 2023

Brickability Group plc        

("Brickability" or "the Group")

Trading Update

Brickability Group plc (AIM: BRCK), the leading construction materials distributor, today announces the following update on trading for the financial year ended 31 March 2023.

Following the release of the Group's interim results for the six months ended 30 September 2022, Brickability has continued to deliver a strong performance across all of its business divisions. As a result, the Brickability Board is pleased to announce that it now expects to report an adjusted EBITDA ¹ of a least £47 million for the full year to 31 March 2023, ahead of current market expectations ² .

The Group's continued positive performance, despite the wider challenges and uncertainty, underlines the importance of Brickability's diverse multi business strategy, which has, once again, enabled the business to successfully navigate these pressures.

Whilst mindful of the short term impacts on our sectors that a challenging macro-economic environment could bring, the Board remains confident that the Group is well placed to continue delivering on its strategic objectives and the underlying growth of the business.

The Group expects to give a full year trading update for its financial year ending 31 March 2023 in late April 2023.

1.  Adjusted EBITDA is defined as earnings before interest, tax, depreciation and amortisation, share option expense, acquisition costs and exceptional items.

2.  Current consensus analyst forecasts are FY23 EBITDA of £44.7 million (with a range of £44.5 million to £44.9 million)

ENDS

This announcement contains inside information.

Enquiries:

Brickability Group plc  John Richards, Chairman  Alan Simpson, CEO  Mike Gant, CFO	via Montfort Communications
Cenkos Securities plc (Nominated adviser and broker)  Ben Jeynes, Max Gould (Corporate Finance)  Julian Morse, Alex Pollen (Sales)	[phone]
Montfort Communications (Financial PR)  James Olley  Georgia Colkin	[phone] [e-mail]

About Brickability

Brickability is a leading construction materials distributor, serving customers across the UK and Europe for over 37 years through its national and local networks. The Group supplies over 550m bricks annually and has over 55 locations across the country with over 600 employees.

 

END

 

 

TSTVFLFFXLLFBBK