Business
Interim results for six months ended 30 Sept 2023
Interim results for six months ended 30 Sept 2023.
About this update from Brck Group Plc
[{"type":"text","content":"\n\nTHE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU NO. 596/2014) WHICH IS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n28 November 2023\n \nBrickability Group PLC\n \n(\"Brickability\" or \"the Group\")\n \nInterim Results for the six months ended 30 September 2023\n \nBrickability Group PLC (AIM: BRCK), the leading construction materials distributor, today announces its unaudited interim results for the six months ended 30 September 2023 (\"H1 FY24\").\n \nH1 FY24 Financial Highlights\n\n\n\n\n· \n\n\nRevenue of £324.8m, a decrease of 7.9% compared to H1 FY23 (H1 FY23: £352.7m) and a 14.4% reduction on a like-for-like(1) basis\n\n\n\n\n· \n\n\nGross profit of £55.0m (H1 FY23: £54.9m)\n\n\n\n\n· \n\n\nIncreased gross profit margin of 16.9% (H1 FY23: 15.6%)\n\n\n\n\n· \n\n\nAdjusted EBITDA(2) increased slightly to £25.6m (H1 FY23: £25.5m(3))\n\n\n\n\n· \n\n\nAdjusted Profit before tax(4) decreased by 2.7% to £21.8m (H1 FY23: £22.4m(3))\n\n\n\n\n· \n\n\nStatutory Profit before tax increased by 8.8% to £16.0m (H1 FY23: £14.7m(3))\n\n\n\n\n· \n\n\nStatutory EPS increased by 1.1% to 3.78p (H1 FY23: 3.74p)\n\n\n\n\n· \n\n\nAdjusted EPS(5) decreased by 11.7% to 5.30p (H1 FY23: 6.00p)\n\n\n\n\n· \n\n\nNet debt(6) as at 30 September 2023 of £30.9m (H1 FY23: £27.4m)\n\n\n\n\n· \n\n\nIncreased Interim dividend of 1.07 pence per share (H1 FY23: 1.01 pence)\n\n\n\n\n \nOperational Highlights\n\n\n\n\n· \n\n\nResilient performance across the Group in the first half of FY23, despite macroeconomic and geopolitical backdrop.\n\n\n\n\n· \n\n\nParticularly strong performance in the Contracting and Distribution divisions, highlighting the benefit of the Group's diversification strategy.\n\n\n\n\n \nPost Period and Outlook\n\n\n\n\n...