Our live Investing Matters Podcast Special which took place at the Master Investor Show discussing 'How undervalued is the UK stock market?', has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBrickability Group Regulatory News (BRCK)

Share Price Information for Brickability Group (BRCK)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 65.50
Bid: 65.00
Ask: 66.00
Change: 0.00 (0.00%)
Spread: 1.00 (1.538%)
Open: 65.50
High: 65.50
Low: 65.50
Prev. Close: 65.50
BRCK Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Trading Update

4 Aug 2020 07:00

RNS Number : 0032V
Brickability Group PLC
04 August 2020
 

Brickability Group PLC

("Brickability" or "the Company")

 

BRICKABILITY GROUP PLC TRADING UPDATE

 

Brickability Group plc ("Brickability" or "the Company" or "the Group"), the leading construction materials distributor, is pleased to provide the following update on trading for the three months ended 30 June 2020.

Overview

The COVID-19 pandemic has created and continues to create unique challenges for all businesses, but Brickability adapted rapidly to the new operating environment. We promptly put in place measures to safeguard our employees and ensure business continuity.

During April and May the majority of the Group's employees were placed on furlough. With a relaxation of restrictions in the construction industry June saw increasing levels of market activity and return to work of some of our staff.

Since June we have continued to see an increase in activity and the return to work of the majority of our employees. The Group now has all its sites open and operating. In each of our sites rigorous protocols have been established for employees and visitors to ensure the safest possible environment.

Trading

Revenues for the 3 months ended 30th June 2020 were £23.8m and encouragingly, June revenues returned to 83% of June 2019 and this trend has continued throughout July. While April's reduced trading levels resulted in a loss in that month the Group returned to profit in May and produced a pleasing EBITDA* of £1.6m in June. 

The Group's liquidity continues to be strong with a net debt of £1m as at 30th June 2020. Cash balance as at 30th June 2020 was £24m with £25m revolving credit facility drawn. In addition, the Group has an unutilised overdraft of £5m and an accordion of a further £5m available.

*Unaudited

Outlook

While it is still too early to predict the level and sustainability of market recovery the Group remains confident in the underlying demand for UK housing. Recent government initiatives along with the SDLT "holiday" have further reinforced that confidence.

The Group can also confirm that its acquisition strategy remains on track and that it is currently evaluating a number of value-creating opportunities.

The Group looks forward to updating the market in late August with audited results for the full year ended 31st March 2020.

 

The information contained within this announcement is deemed by the Group to constitute inside information under the Market Abuse Regulations (EU) No. 596/2014.

 

Enquiries:

 

Brickability Group PLC

John Richards, Chairman

Alan Simpson, Chief Executive Officer

 

Stuart Overend, Chief Financial Officer

 

c/o Montfort Communications

 

Cenkos Securities (Nomad and Broker)

Max Hartley / Max Gould (Corporate Finance)

0207 397 8900

Julian Morse (Sales)

 

Montfort Communications (Financial PR)

0203 770 7916

James Olley, jolley@montfort.london

Woolf Thomson Jones, woolf@montfort.london

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
TSTKKNBKKBKBBFK
Date   Source Headline
18th Mar 20247:00 amRNSChange of Adviser
12th Mar 20246:10 pmRNSAIM Rule 17 Disclosure
8th Mar 20247:00 amRNSHolding(s) in Company
6th Mar 202411:25 amRNSDirector/PDMR Shareholding
5th Mar 20243:21 pmRNSHolding(s) in Company
4th Mar 20244:32 pmRNSHolding(s) in Company
1st Mar 20248:27 amRNSTotal Voting Rights
28th Feb 20249:45 amRNSDirector/PDMR Shareholding
27th Feb 20247:00 amRNSTrading Update
26th Feb 20245:42 pmRNSDirector/PDMR Shareholding
20th Feb 20243:50 pmRNSHolding(s) in Company
8th Feb 20242:11 pmRNSHolding(s) in Company
1st Feb 20245:11 pmRNSBlock listing six monthly returns
1st Feb 20245:08 pmRNSTotal Voting Rights
1st Feb 20245:03 pmRNSDirector/PDMR Shareholding
30th Jan 20245:03 pmRNSDirector/PDMR Shareholding
29th Jan 20247:00 amRNSDirector/PDMR Shareholding
25th Jan 202410:12 amRNSGrant of Options
24th Jan 20245:35 pmRNSDirector/PDMR Shareholding
24th Jan 20243:39 pmRNSHolding(s) in Company
24th Jan 20243:36 pmRNSHolding(s) in Company
23rd Jan 202411:47 amRNSHolding(s) in Company
22nd Jan 20247:00 amRNSAcquisition of TSL Assets Limited
2nd Jan 20246:10 pmRNSTotal Voting Rights
28th Nov 20237:00 amRNSInterim results for six months ended 30 Sept 2023
22nd Nov 20237:00 amRNSInvestor Presentation via Investor Meet Company
22nd Nov 20237:00 amRNSVesting of LTIP Awards and PDMR Shareholding
21st Nov 20237:00 amRNSNotice of Interim Results and Analyst Presentation
17th Nov 20237:00 amRNSBlock Admission
23rd Oct 20232:13 pmRNSChange of Nominated Adviser and Broker
20th Oct 20239:25 amRNSHolding(s) in Company
11th Oct 20237:00 amRNSTrading Update & Acquisition
5th Sep 20238:30 amRNSAGM Statement
31st Aug 20235:19 pmRNSTotal Voting Rights
2nd Aug 20239:06 amRNSBlock listing Interim Review
25th Jul 202311:09 amRNS2023 Annual Report and Notice of AGM
21st Jul 20232:17 pmRNSHolding(s) in Company
17th Jul 20231:41 pmRNSInvestor Presentation via Investor Meet Company
17th Jul 20237:00 amRNSFinal results for the year ended 31 March 2023
10th Jul 20237:00 amRNSNotice of Results & Analyst Presentation
26th May 20237:00 amRNSChief Executive Officer Succession
26th Apr 20237:00 amRNSPre-Close Trading Update
14th Apr 20233:44 pmRNSHolding(s) in Company
4th Apr 20239:08 amRNSTotal Voting Rights
3rd Mar 20237:00 amRNSResignation of Independent Non-Executive Director
1st Mar 20231:47 pmRNSTotal Voting Rights
13th Feb 20237:00 amRNSTrading Statement
7th Feb 20237:00 amRNSTR-1: Standard form notification of major holdings
1st Feb 20234:36 pmRNSBLOCK LISTING SIX MONTHLY RETURN
1st Feb 20234:32 pmRNSTotal Voting Rights

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.