Last checked at 5 Sep 2023 08:30
Brickability Group PLC
LEI: 213800SK28MWXB3K3P26
5 September 2023
Brickability Group plc
("Brickability" or "the Group")
AGM Statement
Brickability Group plc (AIM: BRCK), the leading construction materials distributor, announces that at the Company's Annual General Meeting ('AGM') due to be held today at 12:00 pm at the offices of the Company at Queensgate House, Cookham Road, Bracknell, Berkshire, RG12 1RB, John Richards, Chairman, will make the following statement.
"Trading in the current financial year to 31 March 2024 has continued well, with the Group performing in line with Board expectations throughout the first quarter of FY24 and to 31 July 2023.
"Whilst the Board's expectations are that the month of August will be typically seasonal for the Group, the Board remains cognisant of volume reductions experienced by certain housebuilders and manufacturers due to macro-economic conditions.
"Although the remainder of the current year is therefore likely to present a more challenging trading environment for the Group, the Board believes that Brickability's diversified, multi-business, approach enables the Group to continue to perform well in the current market backdrop and that this strategy best positions the Group for the future. The Company looks forward to providing a further update in a scheduled trading update in respect of H1 2023 towards the end of October.
"I would like to take this opportunity to thank all of my Brickability colleagues for their continued hard work. Their drive and entrepreneurial spirt provides Brickability with its adaptability, diversity, strength and ability."
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For further information please contact:
Brickability Group plc John Richards, Chairman Alan Simpson, CEO Mike Gant, CFO | via Montfort Communications |
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Cenkos Securities plc (Nominated adviser and broker) Ben Jeynes, Max Gould (Corporate Finance) Julian Morse, Michael Johnson (Sales) | +44 (0) 20 7397 8900 |
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Montfort Communications James Olley Ella Henderson | +44 (0) 203 514 0897 |
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This announcement contains inside information.
About Brickability
Brickability is a leading construction materials distributor, serving customers across the UK and Europe for over 37 years through its national and local networks. The Group supplies over 500m bricks annually and has over 70 locations across the country with over 700 employees.