Brickability Group PLC (AIM:BRCK) said it expects to report first-half growth of around 58% in revenue and roughly 39% in underlying earnings (EBITDA).
Sales and profit growth was reported across each of the construction materials distributor's four divisions, notwithstanding continued high energy costs and inflation.
Group revenue for the six months to 30 September 2022 is expected to come in at roughly £353mln, or if adjusting for acquisitions like-for-like growth was around 10%.
Adjusted EBITDA of at least £25mln is anticipated, as a result, up from £17.6m in the first half of last year.
The second half was seen with “cautious optimism”, the company said, as it “continues to actively manage the headwinds” of current macroeconomic conditions, including the impact on the UK housebuilding market of rising interest rates.
The board remains confident of delivering market expectations for the full year ending 31 March 2023, for which analysts currently expect about £44.5mln.
“Our order books remain in line with management expectations, and we believe that the group's diverse multi-business product offering will continue to enable the group to navigate the challenges ahead,” Brickability said.