Brickability Group PLC Trading Update (3865O)
February 09 2021 - 1:00AM
UK Regulatory
TIDMBRCK
RNS Number : 3865O
Brickability Group PLC
09 February 2021
Brickability Group plc
("Brickability" or "the Group"),
Trading Update
Brickability Group plc ("Brickability" or "the Company" or "the
Group"), the leading construction materials distributor, is pleased
to provide the following update on trading.
Following the Interim Results for the six months ended 30
September 2020 the Group has continued its strong recovery and the
lockdown measures since November 2020 have had little material
effect on trading. Furthermore, throughout the pandemic the Group
has maintained rigorous cost control while continuing to make
acquisitions and other strategic investments.
As indicated in the Interim Results, the market for its products
continues to improve and the fundamentals for housebuilding remain
strong. Additionally, the Group had undertaken significant
preparation for the UK's departure from the European Union on 31
December 2020 and has seen no negative impact to its trading
arising from this.
The Group's order books reflect the underlying optimism that,
given the need for more homes to be built and Government support
for house building, demand will remain strong for quality building
materials.
As a result of the above, the Group now expects an adjusted
EBITDA* of at least GBP16 million for the full year to 31 March
2021.
*Adjusted EBITDA is defined as earnings before interest, tax,
depreciation, amortisation, exceptional and acquisition costs.
-ENDS-
This announcement contains inside information.
Enquiries
Brickability Group plc
John Richards, Chairman
c/o Montfort Communications
Cenkos Securities plc (Nominated adviser
and broker)
Max Hartley / Max Gould (Nomad)
Julian Morse (Sales) +44 (0) 20 7397 8900
Montfort Communications
James Olley
Miles McKechnie +44 (0)20 3770 7916
About Brickability
Brickability is a leading construction materials distributor,
serving customers across the UK for over 25 years through its
mainstream and local networks. The Company supplies over 300m
bricks annually and already has 25 sites and sales offices,
employing approximately 285 people throughout the UK. Across its
three divisions, the Group supplies bricks, roofing, heating,
flooring, doors and windows to meet UK housebuilder demand.
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END
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