Replacement: Trading Statement

RNS Number : 6536C

Michelmersh Brick Holdings PLC

19 October 2015

 

The following amendment has been made to the 'Trading Statement' announcement released on 19 October 2015 at 7.00 a.m. under RNS No 6105C.

The scheduled release date for the full year results is 21 March 2016. The previous announcement incorrectly listed the release date as 21 March 2015.

All other details remain unchanged.

The full amended text is shown below.

Michelmersh Brick Holdings Plc

("MBH" or the "Group")

TRADING UPDATE

Full year profit before tax likely to exceed market expectations

Michelmersh Brick Holdings Plc (AIM: MBH), the specialist brick manufacturer and landfill company, today reports to the market on a better than expected trading performance in the second half of the year to  31 December 2015, achieved through operating efficiencies, continued low energy costs and aided by the additional capacity from Freshfield Lane. Delivery volumes are below previous expectations as a result of a softening of the market, however average selling prices are ahead of those budgeted. As a consequence, the Group is likely to exceed the market expectations of profit before taxation for the year. The results for the full year are scheduled for release on 21 March 2016.

Enquiries: Michelmersh Brick Holdings Martin Warner, CEO Stephen Morgan, Finance Director  01825 430 413 Cenkos Securities plc Bobbie Hilliam (NOMAD) Harry Pardoe Alex Aylen (Sales) 020 7397 8900 Yellow Jersey PR Dominic Barretto Charles Goodwin 07768 537 739 07747 788 221
About Michelmersh Brick Holdings PLC: Michelmersh Brick Holdings PLC is a business with five leading market brands: Blockleys, 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 approximately 70 million clay bricks, tiles and pavers per annum. MBH PLC currently owns most of the UK's premium manufacturing brands and is a leading specification brick and clay paving manufacturer. Recently Michelmersh's products have been successfully used in prestigious projects such as the Nottingham Railway Station refurbishment, Manchester's Salford Quays regeneration project and the Lend Lease, Elephant and Castle redevelopment in London. We are also suppliers to high value housing developers such as Berkeley and St James Homes, delivering to key city regeneration projects such as Battersea Reach. Further information on the Company can be found at www.mbhplc.co.uk.

 

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