Business
Trading Update and Notice of Results
Trading Update and Notice of Results.
About this update from Michelmersh Brick Holdings Plc
[{"type":"text","content":"\n\n \n\n\n23 November 2023\n \nMichelmersh Brick Holdings Plc\n(\"MBH\", the \"Company\", or the \"Group\")\n Trading Update and Notice of Results \nResilient trading and in line with market expectations\nMichelmersh Brick Holdings Plc (AIM: MBH), the specialist brick manufacturer, today announces a trading update in relation to its financial results for the year ending 31 December 2023.\nFollowing the half year results announcement on 5 September 2023, the trading performance of the Group has been resilient in the final quarter of the financial year as we have continued to operate at full manufacturing capacity to deliver our diverse forward order book.\nThe contraction in the construction industry has continued into the second half with the challenging fundamentals of the broader economy weighing on consumer sentiment and demand in our end markets. We continue to focus on controlling our input costs and the efficiency of our facilities within this environment. The diversity of our customer base and broad product channels remains a core strength of the Group and, alongside the benefits of our quality opening order book at the start of this second half, these have been important factors in supporting the resilience of our trading performance to date.\nThe Group remains resolutely focused on delivering an excellent product and service to our customers and with our resilient trading the Board expects revenue, profit and cash for the Group to be in-line with market expectations for the 12 months ending 31 December 2023.\nThe Group intends to announce its full 2023 results on 26 March 2024.\n\n\n\n\nMichelmersh Brick Holdings Plc\nPeter Sharp, Joint Chief Executive Officer\nRyan Mahoney, Chief Fi...