Michelmersh Brick Holdings PLC Pre-close Trading Update (7723Z)
January 15 2020 - 2:00AM
UK Regulatory
TIDMMBH
RNS Number : 7723Z
Michelmersh Brick Holdings PLC
15 January 2020
15 January 2020
Michelmersh Brick Holdings Plc
("MBH", the "Company" or the "Group")
Pre-close Trading Update
Michelmersh Brick Holdings Plc (AIM: MBH), the specialist brick
manufacturer, today announces a trading update ahead of its final
results for the year ended 31 December 2019. The Group intends to
report its 2019 full year results on 31 March 2020.
The Board expects that underlying revenue and profit from the
Group, enhanced by the acquisition of Belgian business, Floren
& Cie, in February 2019, will be in line with market
expectations. The Group has experienced strong cash performance in
the second half of the year which has resulted in net debt as at 31
December 2019 being better than market expectations.
For further information, please contact:
Michelmersh Brick Holdings plc Tel: +44 (0)1825 430412
Frank Hanna, Joint CEO
Stephen Morgan, Finance Director
Canaccord Genuity Limited (NOMAD Tel: +44 (0)20 7523 8000
and Broker)
Bobbie Hilliam
Georgina McCooke
Yellow Jersey PR
Charles Goodwin Tel: +44 (0)7747 788 221
Annabel Atkins Tel: +44 (0)7983 557 851
Harriet Jackson
About Michelmersh Brick Holdings PLC:
Michelmersh Brick Holdings PLC is a business with seven market
leading brands: Blockleys, Carlton, Charnwood, Freshfield Lane,
Michelmersh, Hathern Terra Cotta and Floren. These divisions
operate within a fully integrated business combining the
manufacture of clay bricks 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 120 million clay bricks 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
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END
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