TIDMMBH

RNS Number : 6105C

Michelmersh Brick Holdings PLC

19 October 2015

Michelmersh Brick Holdings Plc

("MBH" or the "Group")

TRADING UPDATE

Full year profit before tax likely to exceed market expectations

Michelmersh Brick Holdings Plc (AIM: MBH), the specialist brick manufacturer and landfill company, today reports to the market on a better than expected trading performance in the second half of the year to 31 December 2015, achieved through operating efficiencies, continued low energy costs and aided by the additional capacity from Freshfield Lane. Delivery volumes are below previous expectations as a result of a softening of the market, however average selling prices are ahead of those budgeted. As a consequence, the Group is likely to exceed the market expectations of profit before taxation for the year. The results for the full year are scheduled for release on 21 March 2015.

 
  Enquiries: Michelmersh Brick Holdings 
     Martin Warner, CEO 
     Stephen Morgan, Finance Director    01825 430 413 
    Cenkos Securities plc 
     Bobbie Hilliam (NOMAD) 
     Harry Pardoe 
     Alex Aylen (Sales)                  020 7397 8900 
    Yellow Jersey PR 
     Dominic Barretto                    07768 537 739 
     Charles Goodwin                      07747 788 221 
 
 
   About Michelmersh Brick Holdings PLC: 
 
   Michelmersh Brick Holdings PLC is a business with five leading market brands: Blockleys, Charnwood, 
   Freshfield Lane, Michelmersh and Hathern Terra Cotta. These divisions operate within a fully 
   integrated business combining the manufacture of clay bricks, tiles and pavers. The Group 
   also includes a landfill operator, New Acres Limited, and seeks to develop future landfill 
   and development opportunities on ancillary land assets. 
 
   Established in 1997 the Company has grown through acquisition and organic growth into a profitable 
   and asset rich business, producing approximately 70 million clay bricks, tiles and pavers 
   per annum. MBH PLC currently owns most of the UK's premium manufacturing brands and is a leading 
   specification brick and clay paving manufacturer. 
 
   Recently Michelmersh's products have been successfully used in prestigious projects such as 
   the Nottingham Railway Station refurbishment, Manchester's Salford Quays regeneration project 
   and the Lend Lease, Elephant and Castle redevelopment in London. We are also suppliers to 
   high value housing developers such as Berkeley and St James Homes, delivering to key city 
   regeneration projects such as Battersea Reach. 
   Further information on the Company can be found at www.mbhplc.co.uk.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

October 19, 2015 02:00 ET (06:00 GMT)

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