Brickability Group PLC (AIM:BRCK) said trading has “continued strongly through the summer months” and it still expects to meet full-year market expectations.
Market expectations are currently for underlying earnings (EBITDA) of £43mln for the year to end-March 2023, the construction materials distributor said in a statement ahead of its annual shareholder meeting.
Chairman John Richards said the fiscal year has seen the group “continue to execute on its growth strategy”, including the acquisition of Modular Clay Products in June increasing the group's presence in the specification sector and bringing new access to a range of European manufacturers.
READ: Brickability’s acquisitive appetite pays off as it lays the foundations for future growth
“Whilst the macro-economic conditions in the UK and Europe of high energy prices and inflation have been well publicised, the UK housebuilding market continues to be in structural deficit and housebuilding activity continues to be resilient,” he said.
“With that in mind the group looks to the near future with cautious optimism.”