Business
Final results for the year ended 31 March 2023
Final results for the year ended 31 March 2023.
About this update from Brck Group Plc
[{"type":"text","content":"\n\nBrickability Group PLC \nLEI: 213800SK28MWXB3K3P26\n17 July 2023\nBrickability Group PLC\n(\"Brickability\" or \"the Group\")\n \nFinal results for the year ended 31 March 2023\n \nGood performance across all divisions\n \nBrickability Group PLC (AIM: BRCK), the leading construction materials distributor, is pleased to announce its audited final results for the twelve-month period ended 31 March 2023.\n \nFinancial Highlights\n \n\n\n\n•\n\n\nRevenue increased by 30.9% to £681.1m (2022: £520.2m)\n\n\n\n\n•\n\n\nGroup like-for-like(1) revenue growth of 4.0% versus 2022 (15.4% excluding timber) and 31.9% versus 2021\n\n\n\n\n•\n\n\nGross profit increased by 30.0% to £112.9m (2022: £86.8m)\n\n\n\n\n•\n\n\nGross profit margin of 16.6% (2022: 16.7%), with the slight reduction anticipated due to the full-year inclusion of Taylor Maxwell\n\n\n\n\n•\n\n\nAdjusted EBITDA(2) increased by 30.4% to £51.5m (2022: £39.5m)\n\n\n\n\n•\n\n\nAdjusted Profit before tax(3) increased by 28.5% to £44.6m (2022: £34.7m)\n\n\n\n\n•\n\n\nStatutory Profit before tax increased by 87.5% to £34.5m (2022: £18.4m)\n\n\n\n\n•\n\n\nStatutory EPS increased by 110.5% to 9.26p (2022: 4.40p)\n\n\n\n\n•\n\n\nAdjusted EPS increased by 18.6% to 11.93p (2022: 10.06p)\n\n\n\n\n•\n\n\nNet debt as at 31 March £8.0m (2022: net cash £0.4m)\n\n\n\n\n•\n\n\nFinal dividend proposed of 2.15 pence per share giving a total dividend for the year of 3.16p, an increase of 5.3% (2022: 3.00p)\n \n\n\n\n \n\n\n\n\n\n\n \n\n\n2023\n\n\n2022\n\n\n% Change\n\n\n\n\n \n\n\n£m\n\n\n£m\n\n\n\n\nRevenue\n\n\n681.1\n\n\n520.2\n\n\n30.9%\n\n\n\n\nGross profit\n\n\n112.9\n\n\n86.8\n\n\n30.0%\n\n\n\n\nAdjusted EBITDA (1)\n\n\n51.5\n\n\n39.5\n\n\n30.4%\n\n\n\n\nAdjusted profit before tax (2)\n\n\n44.6\n\n\n34.7\n\n\n28.5%\n\n\n\n\nProfit before tax\n\n\n34.5\n\n\n18.4\n\n\n87.5%\n\n\n\n\nAdjusted EPS (3)\n\n\n 11.93p\n\n\n 10.06p\n\n\n18.6%\n\n\n\n\nEPS\n\n\n 9.26p\n\n\n 4.40p\n\n\n110.5%\n\n\n\n\nNet (debt)/cash (4)\n\n\n(8.0)\n\n\n0.4\n\n\n-\n\n\n\n\nAnnual dividends paid and proposed per share\n\n\n 3.16p\n\n\n 3.00p\n\n\n5.3%\n\n\n\n \n \n\n\n\n \nOperational Summary\n \n\n\n\n•\n\n\nGood performance reflecting the Group's strategic position within the industry, despite a challenging sector ...