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Brickability Group PLC - Bridgend, Wales-based construction materials distributor - Revenue for the financial year that ended March 31 is estimated to be £594 million, down 13% from £681 million in financial 2023, or down 18% on a like-for-like basis. This is after trading in the fourth quarter is in line with management expectations of lower demand for bricks and other building products. Adjusted earnings before interest, tax, depreciation and amortisation is estimated to be at least £44.8 million, in line with previous company guidance, but down 13% from £51.5 million the year before. ‘Despite activity levels in the [UK construction] sector remaining subdued, the board believes that with leading positions across a diverse portfolio offering, the group enters the new financial year well positioned to benefit materially from a recovery in its end markets,’ Brickability says. Current stock price: 66.19 pence, down 2.7% in London on Friday 12-month change: also down 2.7% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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