Several stars have aligned for Brickability to flag an excellent half year's trading (to end Sep-21) in its latest update. Post-COVID recovery in housing markets, the natural seasonality of the business, favourable timing of acquisitions (notably Taylor Maxwell), output price inflation (especially in timber) and business mix all combining to drive revenue to three times the reported H1/20 level and EBITDA twofold ahead. This sets a strong foundation to ratify existing FY21 (March) forecasts with ....
13 Oct 2021
Cenkos: Brickability Group Plc -- A big half in the bag
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Cenkos: Brickability Group Plc -- A big half in the bag
Brickability Group PLC (BRCK:LON) | 67.5 1 2.3% | Mkt Cap: 215.7m
- Published:
13 Oct 2021 -
Author:
Cavendish Research -
Pages:
6
Several stars have aligned for Brickability to flag an excellent half year's trading (to end Sep-21) in its latest update. Post-COVID recovery in housing markets, the natural seasonality of the business, favourable timing of acquisitions (notably Taylor Maxwell), output price inflation (especially in timber) and business mix all combining to drive revenue to three times the reported H1/20 level and EBITDA twofold ahead. This sets a strong foundation to ratify existing FY21 (March) forecasts with ....