Business
Preliminary results year ended 31 March 2022
Preliminary results year ended 31 March 2022.
About this update from Brck Group Plc
[{"type":"text","content":"\n \n \n Brickability Group PLC\n \n \n \n \n LEI:\n \n 213800SK28MWXB3K3P26\n \n \n 21 July 2022\n \n \n \n \n \n \n \n \n Brickability Group PLC\n \n \n \n (\"Brickability\" or \"the Group\")\n \n \n \n \n \n \n \n \n Unaudited preliminary results for the year ended 31 March 2022\n \n \n \n \n \n \n \n \n \n Strong performance across all divisions\n \n \n \n \n \n \n \n \n Brickability Group PLC (AIM: BRCK), the leading construction materials distributor, is pleased to announce its preliminary results for the twelve-month period ended 31 March 2022.\n \n \n \n \n \n \n \n \n Financial Highlights\n \n \n \n \n \n \n \n \n \n \n \n \n \n •\n \n \n \n \n \n Revenue increased by 187.2% to £520.2m (2021: £181.1m)\n \n \n \n \n \n \n \n •\n \n \n \n \n \n Group like-for-like(1) revenue growth of 31.9% versus 2021 and 40.5% versus 2020\n \n \n \n \n \n \n \n •\n \n \n \n \n \n Gross profit increased by 128.4% to £86.8m (2021: £38.0m)\n \n \n \n \n \n \n \n •\n \n \n \n \n \n Gross profit margin of 16.7% (2021: 21.0%), with the anticipated lower margins reflecting integration of the Taylor Maxwell acquisition\n \n \n \n \n \n \n \n •\n \n \n \n \n \n Adjusted EBITDA(2) increased by 125.7% to £39.5m (2021: £17.5m)\n \n \n \n \n \n \n \n •\n \n \n \n \n \n Adjusted Profit before tax(3) increased by 131.3% to £34.7m (2021: £15.0m)\n \n \n \n \n \n \n \n •\n \n \n \n \n \n Statutory Profit before tax increased by 64.3% to £18.4m (2021: £11.2m)\n \n \n \n \n \n \n \n •\n \n \n \n \n \n EPS increased by 4.9% to 4.40p (2021: 4.19p)\n \n \n \n \n \n \n \n •\n \n \n \n \n \n Adjusted EPS increased by 80.9% to 10.06p (2021: 5.56p)\n \n \n \n \n \n \n \n •\n \n \n \n \n \n Net cash as at 31 March £0.4m (2021: net debt £7.3m)\n \n \n \n \n \n \n \n •\n \n \n \n \n \n Borrowing facility increased to £60 million plus £25m accordion following re-financing\n \n \n \n \n \n \n \n •\n \n \n \n \n \n Final dividend proposed of 2.04 pence per share giving a total dividend for the year of 3.00p, an increase of 53.6% (2021: 1.9528p)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 2022\n \n \n \n \n \n \n 2021\n \n \n \n \n \n \n % Change\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n £m\n \n \n \n \n \n \n £m\n \n \n \n \n \n \n \n Revenue\n \n \n \n \n 520.2\n \...