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Michelmersh Brick Holdings PLC on Tuesday said it continues to see positive order intake levels despite seeing a notable slowdown in the construction market since September. Shares in the West Sussex, England-based bricks manufacturer rose 0.5% at 86.40 pence in London on Tuesday. ‘Whilst trading and profitability have been ahead of the first half, there has been a notable slowdown in the construction market and activity levels in the final quarter, as has been widely reported,’ the firm said in a trading statement. Michelmersh Brick said activity levels since September have been impacted by a challenging macro-economic outlook and the uncertainty of the UK government budget which have adversely impacted both consumer sentiment and investment decision making across the sector. Despite this challenging backdrop, the firm continues to see positive order intake levels, underpinning the group’s well-balanced forward order book. With the change in market conditions in the fourth quarter, Michelmersh Brick expects full-year revenue to be £69.0 million with adjusted earnings before interest, tax, depreciation and amortisation of £12.5 million. In 2024, the company reported revenue of £70.1 million and adjusted Ebitda of £14.0 million. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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