Pre-close Trading Update

RNS Number : 3885C

Michelmersh Brick Holdings PLC

22 January 2018

 

22 January 2018

Michelmersh Brick Holdings Plc

("MBH" or the "Group")

Pre-close Trading Update

Michelmersh Brick Holdings Plc (AIM: MBH), the specialist brick manufacturer and landfill company, today announces a trading update ahead of its final results for the year ended 31 December 2017, scheduled for release on 19 March 2018.

The Board expects that underlying revenue and profit from the Group, enlarged by the acquisition of Carlton Main Brickworks Limited in June 2017, will be in line with market expectations. The Board is also pleased to report that the Carlton acquisition, which increases the Group's output to over 100 million bricks, is bedding in as expected and operational synergies are being implemented. 

Demand from the house building and RMI markets continues to be robust and Group's well-balanced forward order book for 2018 reflects this trend.

Michelmersh Brick Holdings Plc Frank Hanna, Joint CEO Stephen Morgan, Finance Director	01825 430 412
Cenkos Securities plc Bobbie Hilliam (NOMAD) Harry Hargreaves	020 7397 8900
Yellow Jersey PR Charles Goodwin Abena Affum	07747 788 221 07555 159 808

About Michelmersh Brick Holdings PLC:

Michelmersh Brick Holdings PLC is a business with six market leading brands: Blockleys, Carlton, Charnwood, Freshfield Lane, Michelmersh and Hathern Terra Cotta. These divisions operate within a fully integrated business combining the manufacture of clay bricks, tiles and pavers. The Group also includes a landfill operator, New Acres Limited, and seeks to develop future landfill and development opportunities on ancillary land assets.

Established in 1997, the Company has grown through acquisition and organic growth into a profitable and asset rich business, producing over 100 million clay bricks, tiles and pavers per annum. Michelmersh currently owns most of the UK's premium manufacturing brands and is a leading specification brick and clay paving manufacturer.

Michelmersh strives to be a well invested, long term, sustainable, environmentally responsible business. Opportunity, training and security for all employees, whilst meeting the needs of stakeholders are at the forefront of everything we do. We aim to lead the way in producing some of Britain's premium clay products and enhancing our environment by adding value to the architectural landscape for generations to come.

We are Michelmersh Brick Holdings PLC: we are "Britain's Brick Specialist".

Please visit the Group's websites at: www.mbhplc.co.uk and www.bimbricks.com

 

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