Brickability Group PLC - Bridgend, Wales-based construction materials distributor - Says delivered a solid performance in the ten months to January 31, despite a challenging market backdrop. Notably, revenue rose 12% on-year in the four months to January 31 on a like-for-like basis, amid growth across all of its four divisions. Looking ahead, Brickability expects to deliver adjusted earnings before interest, tax, depreciation and amortisation modestly ahead of market expectations for the year ending March 31. It cites an analyst consensus of GBP47.0 million for financial 2025, which would be 4.6% higher than the GBP44.9 million Brickability had reported for financial 2024. Read More
(Alliance News) - Brickability Group PLC on Tuesday reported a decline in pretax profit despite slightly higher revenue, as the new-build housing market in the UK remains soft. Read More
(Alliance News) - Brickability Group PLC on Tuesday said its full year expectations are unchanged, and it expects to report a rise in half-year profit. Read More
Brickability Group PLC - Bridgend, Wales-based construction materials distributor - Issues trading statement of Wednesday's annual general meeting. Says trading in the current financial year ending March 31 2025 has been "resilient", with the group performing in line with the board's expectations throughout the first five months of the year. Market conditions remain challenging as anticipated, with demand for both UK and imported bricks down year on year, driven through a sustained decline in UK housing builds. As a result, trading in the Bricks and Building Materials and Importing divisions reflect the lower brick related volumes. The Distribution division continues to deliver a resilient performance, whilst the Contracting division is performing strongly. Decides to not issue a further loan to its German tile manufacturing joint venture, which will allow the group to focus on other investment opportunities and capital allocation priorities which are expected to generate better returns for shareholders. As a result, and absent a further injection of third-party funding, the factory may cease operations in the coming weeks. An outstanding balance of around EUR6 million to the group is due but the recoverability of which is currently unknown. Any impairment would be expected to be recognised as a non-cash one-off exceptional item in the interim results. Expectations for adjusted earnings before interest, taxes, depreciation and amortisation for the current financial year remain unchanged. Read More
Brickability Group PLC - Bridgend, Wales-based construction materials distributor - Paul Hamilton, managing director of the Distribution division, sells 1.0 million shares at 69 pence, worth GBP690,000, on Monday. Hamilton retains 19.0 million shares, a 5.9% stake. Read More
Brickability Group PLC - - Bridgend, Wales-based construction materials distributor - Reports results for year ended March 31. Revenue falls 13% to GBP594.1 million from GBP681.1 million year-over-year. Pretax profit falls 38% to GBP21.4 million from GBP34.5 million. Adjusted earnings before interest, taxes, depreciation, and amortization fall 13% to GBP44.9 million, from GBP51.5 million. Raises final dividend 6.0% to 2.28 pence from 2.15 pence. Total dividend increases 6.0% to 3.35p from 3.16p. Company notes continued softness in the housing market as new home construction has not aligned with housing needs. Believes its diversified business strategy positions it well for a more favourable economic environment when it arrives. Says trading in the current year has thus far been in line with management expectations. Read More
Brickability Group PLC - Bridgend, Wales-based construction materials distributor - Douglas Bryce, managing director in Contracting division, buys 400,000 shares at 67 pence, worth GBP268,000, on Friday last week. Bryce now has 1.2 million shares, a 0.4% stake. Read More
(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced this week and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced this week and not separately reported by Alliance News: Read More
Brickability Group PLC - Bridgend, Wales-based construction materials distributor - Revenue for the financial year that ended March 31 is estimated to be GBP594 million, down 13% from GBP681 million in financial 2023, or down 18% on a like-for-like basis. This is after trading in the fourth quarter is in line with management expectations of lower demand for bricks and other building products. Adjusted earnings before interest, tax, depreciation and amortisation is estimated to be at least GBP44.8 million, in line with previous company guidance, but down 13% from GBP51.5 million the year before. Read More
Brickability Group PLC - Bridgend, Wales-based construction materials distributor - Chief Executive Officer Alan Simpson buys 553,642 shares at 67.75 pence, worth GBP375,092, on Tuesday. Simpson now has 35.0 million shares, an 11% stake. Read More
(Alliance News) - Brickability Group PLC on Tuesday said it expects this year's earnings to hit the lower end of market guidance, thanks to "continuing challenging market conditions". Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday. Read More