Brickability Group PLC shares jumped after the construction materials distributor said profit for the current year will exceed market predictions.
The company said it has continued to perform strongly across all divisions since its interim results and forecast an adjusted EBITDA of a least £47mln for the full year to 31 March 2023, ahead of current market expectations, which range from £44.5mln to £44.9mln.
“Whilst mindful of the short-term impacts on our sectors that a challenging macro-economic environment could bring, the board remains confident that the group is well placed to continue delivering on its strategic objectives and the underlying growth of the business,” Brickability said in a trading update.
Shares advanced 8.30% to 74.40p in early trade.