Michelmersh Brick Holdings PLC Pre-close Trading Update (3885C)
January 22 2018 - 02:00AM
UK Regulatory
TIDMMBH
RNS Number : 3885C
Michelmersh Brick Holdings PLC
22 January 2018
22 January 2018
Michelmersh Brick Holdings Plc
("MBH" or the "Group")
Pre-close Trading Update
Michelmersh Brick Holdings Plc (AIM: MBH), the specialist brick
manufacturer and landfill company, today announces a trading update
ahead of its final results for the year ended 31 December 2017,
scheduled for release on 19 March 2018.
The Board expects that underlying revenue and profit from the
Group, enlarged by the acquisition of Carlton Main Brickworks
Limited in June 2017, will be in line with market expectations. The
Board is also pleased to report that the Carlton acquisition, which
increases the Group's output to over 100 million bricks, is bedding
in as expected and operational synergies are being implemented.
Demand from the house building and RMI markets continues to be
robust and Group's well-balanced forward order book for 2018
reflects this trend.
Michelmersh Brick Holdings
Plc
Frank Hanna, Joint CEO
Stephen Morgan, Finance 01825
Director 430 412
Cenkos Securities plc
Bobbie Hilliam (NOMAD) 020 7397
Harry Hargreaves 8900
07747
Yellow Jersey PR 788 221
07555
Charles Goodwin 159 808
Abena Affum
About Michelmersh Brick Holdings PLC:
Michelmersh Brick Holdings PLC is a business with six market
leading brands: Blockleys, Carlton, 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 over 100 million clay bricks, tiles and pavers per annum.
Michelmersh currently owns most of the UK's premium manufacturing
brands and is a leading specification brick and clay paving
manufacturer.
Michelmersh strives to be a well invested, long term,
sustainable, environmentally responsible business. Opportunity,
training and security for all employees, whilst meeting the needs
of stakeholders are at the forefront of everything we do. We aim to
lead the way in producing some of Britain's premium clay products
and enhancing our environment by adding value to the architectural
landscape for generations to come.
We are Michelmersh Brick Holdings PLC: we are "Britain's Brick
Specialist".
Please visit the Group's websites at: www.mbhplc.co.uk and
www.bimbricks.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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