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Michelmersh Brick (MBH)

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Monday 22 January, 2018

Michelmersh Brick

Pre-close Trading Update

RNS Number : 3885C
Michelmersh Brick Holdings PLC
22 January 2018
 

22 January 2018

 

Michelmersh Brick Holdings Plc

("MBH" or the "Group")

Pre-close Trading Update

Michelmersh Brick Holdings Plc (AIM: MBH), the specialist brick manufacturer and landfill company, today announces a trading update ahead of its final results for the year ended 31 December 2017, scheduled for release on 19 March 2018.

 

The Board expects that underlying revenue and profit from the Group, enlarged by the acquisition of Carlton Main Brickworks Limited in June 2017, will be in line with market expectations. The Board is also pleased to report that the Carlton acquisition, which increases the Group's output to over 100 million bricks, is bedding in as expected and operational synergies are being implemented. 

 

Demand from the house building and RMI markets continues to be robust and Group's well-balanced forward order book for 2018 reflects this trend.

 

 

 

Michelmersh Brick Holdings Plc

Frank Hanna, Joint CEO

Stephen Morgan, Finance Director

 

01825 430 412

Cenkos Securities plc

Bobbie Hilliam (NOMAD)

Harry Hargreaves

020 7397 8900

Yellow Jersey PR

Charles Goodwin

Abena Affum

07747 788 221

07555 159 808

 

 

About Michelmersh Brick Holdings PLC:

 

Michelmersh Brick Holdings PLC is a business with six market leading brands: Blockleys, Carlton, 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 over 100 million clay bricks, tiles and pavers per annum. Michelmersh currently owns most of the UK's premium manufacturing 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 and www.bimbricks.com

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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