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Sparks commentary

Industrials

Sparks

Brickability (LSE: BRCK) – Half-year trading in line with expectations
Published by Andy Murphy

Brickability’s H1 revenue is expected rise by 2% to c £330m, reflecting like-for-like growth of -7% and the effect of M&A activity. Group EBITDA is expected to be up at £27.5m (FY24: £25.6m). Trading in September (the last month of the period) reflected continuing trends, with Brick and Building Material revenues and volumes down, while Distribution returned to growth as it benefited from a doubling of sales of solar photovoltaics in Upowa. However, the outlook is more encouraging as brick orders and product enquiries have begun to increase in recent weeks.

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