REG - Brickability Group - AGM Statement

BrickabilityAnnouncement

05/09/2023 08:45

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RNS Number : 4204L  Brickability Group PLC  05 September 2023

Brickability Group PLC

LEI: 213800SK28MWXB3K3P26

5 September 2023

 

Brickability Group plc

("Brickability" or "the Group")

 

AGM Statement

Brickability Group plc (AIM: BRCK), the leading construction materials
distributor, announces that at the Company's Annual General Meeting ('AGM')
due to be held today at 12:00 pm at the offices of the Company at Queensgate
House, Cookham Road, Bracknell, Berkshire, RG12 1RB, John Richards, Chairman,
will make the following statement.

"Trading in the current financial year to 31 March 2024 has continued well,
with the Group performing in line with Board expectations throughout the first
quarter of FY24 and to 31 July 2023.

"Whilst the Board's expectations are that the month of August will be
typically seasonal for the Group, the Board remains cognisant of volume
reductions experienced by certain housebuilders and manufacturers due to
macro-economic conditions.

"Although the remainder of the current year is therefore likely to present a
more challenging trading environment for the Group, the Board believes that
Brickability's diversified, multi-business, approach enables the Group to
continue to perform well in the current market backdrop and that this strategy
best positions the Group for the future. The Company looks forward to
providing a further update in a scheduled trading update in respect of H1 2023
towards the end of October.

"I would like to take this opportunity to thank all of my Brickability
colleagues for their continued hard work. Their drive and entrepreneurial
spirt provides Brickability with its adaptability, diversity, strength and
ability."

- Ends -

 

For further information please contact:

 

 Brickability Group plc                                via Montfort Communications

 John Richards, Chairman

 Alan Simpson, CEO

 Mike Gant, CFO

 Cenkos Securities plc (Nominated adviser and broker)  +44 (0) 20 7397 8900

 Ben Jeynes, Max Gould (Corporate Finance)

 Julian Morse, Michael Johnson (Sales)

 Montfort Communications                                +44 (0) 203 514 0897

 James Olley

 Ella Henderson

This announcement contains inside information.

 

About Brickability

 

Brickability is a leading construction materials distributor, serving
customers across the UK and Europe for over 37 years through its national and
local networks. The Group supplies over 500m bricks annually and has over 70
locations across the country with over 700 employees.

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