26th Feb 2025 11:22
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.
Chief Executive Officer Frank Hanna says: "I am pleased by the way in which Brickability is performing and it is testament to our specialist, multi-channel group structure and the hard work of the group's teams across the four divisions that we are able to deliver growth through a tough cycle. At the same time, we are investing in our IT systems and the standardisation of processes to improve operating efficiencies and data analytics to better serve our customers."
Current stock price: 62.80 pence each, up 1.6% on Wednesday morning in London
12-month change: down 18%
By Tom Budszus, Alliance News slot editor
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