Brickability Group PLC (AIM:BRCK) said trading continued to be very strong in the final quarter of the year ending 31 March 2022.
As a result, revenues for the year will be at least £520mln and underlying profits [adjusted EBITDA] not less than £38mln, which is ahead of current market expectations it said.
One of the UK’s largest suppliers of bricks, materials and timber and other building materials, Brickability added that even with the current inflation pressures and macro-economic conditions, underlying long-term demand for UK housing and quality materials for the construction sector generally remains ‘robust’.
Going forward, it added it is well placed to deliver its strategic objectives and grow the business organically, though the acquisition pipeline also remains strong with a number of possible deals under assessment.