22 November
2024
Michelmersh Brick Holdings
Plc
("MBH", the
"Company", or the
"Group")
Pre-Close Trading Update and
Notice of Results
Resilient performance,
trading in line with market expectations
Michelmersh Brick Holdings Plc (AIM:
MBH), the specialist brick manufacturer, today announces a
pre-close trading update ahead of its final results for the year
ending 31 December 2024.
Following the half year results
announcement on 3 September 2024, the trading performance of the
Group has continued to be resilient into the final quarter of the
financial year.
Our order intake continues to run
ahead of manufacturing capacity as we have focused on growing a
well-balanced forward order book with appropriate pricing to
support demand. While the inflection point in activity levels
within the construction sector remains uncertain, we are working
closely with our customers on the expected timing of despatches.
Group trading is also benefiting from the quality of the order book
built up during the year across our broad and diverse customer
base.
We remain resolute in our focus on
delivering excellent products and services. Given the resilience of
trading during the second half of the year, the Board expects
revenue, profit and cash for the Group to be in line with market
expectations for the 12 months ending 31 December 2024.
The Group intends to report its full
2024 results on 25 March 2025.
|
Michelmersh Brick Holdings
Plc
Peter Sharp, Chief Executive
Officer
Ryan Mahoney, Chief Financial
Officer
|
Tel: +44 (0)1825 430
412
|
|
Canaccord Genuity Limited (NOMAD and
Joint Broker)
Max Hartley
Bobbie Hilliam
Harry Pardoe
|
Tel: +44 (0)20 7523 8000
|
|
Berenberg (Joint Broker)
Richard Bootle
Detlir Elizi
Patrick Dolaghan
|
Tel: +44 (0) 203 207 7800
|
|
Yellow Jersey PR
Charles Goodwin
Annabelle Wills
|
Tel:
+44 (0)7747 788 221
Tel: +44 (0)7775 194 357
|
About Michelmersh Brick Holdings PLC:
Michelmersh Brick Holdings PLC is a
business with seven market leading brands: Blockleys, Carlton,
FabSpeed, Freshfield Lane, Michelmersh, Floren.be and Hathern Terra
Cotta. These divisions operate within a fully integrated business,
combining the production of premium, precision-made bricks, pavers,
special shaped bricks, bespoke Terra Cotta products and
prefabricated brick components. 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 120 million clay bricks and
pavers per annum. Michelmersh currently owns most of the UK's
premium manufacturing brick 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,
www.bimbricks.com
and
www.sustainablebrick.com