Brickability Group PLC has raised its profits guidance for the year to March 2022 after strong trading across all of its business in recent months.
The brick and building materials distributor now expects underlying profits (adjusted EBITDA) of a least £32mln for the full year, which is ahead of market forecasts.
Brickability added the improvement had been achieved even with Covid and industry supply chain disruption and had been helped by recent acquisitions such as Taylor Maxwell all performing well.
“Sustained positive momentum and optimism within the UK housebuilding sector is reflected in the group's forward order book levels, with demand for the group's product offering building throughout this year and expected to continue into the new financial year.”