Trading through Q3 and into Q4 to date has proven to be strong and not blunted by any of the headwinds that management held caution against at the time of reporting its Interims (on 1 December). Taylor Maxwell, and within that its timber merchanting division, has outperformed expectations and consequently management is now guiding to FY22E EBITDA of at least £32m, 13% ahead of our previous estimate and a baseline for FY23E from which it can still feel confident of growing profits by 20% plus. Ma ....
18 Jan 2022
Cenkos: Brickability Group Plc -- Double-digit FY22E upgrade
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Cenkos: Brickability Group Plc -- Double-digit FY22E upgrade
Brickability Group PLC (BRCK:LON) | 66.5 -0.9 (-1.9%) | Mkt Cap: 212.5m
- Published:
18 Jan 2022 -
Author:
Cavendish Research -
Pages:
12
Trading through Q3 and into Q4 to date has proven to be strong and not blunted by any of the headwinds that management held caution against at the time of reporting its Interims (on 1 December). Taylor Maxwell, and within that its timber merchanting division, has outperformed expectations and consequently management is now guiding to FY22E EBITDA of at least £32m, 13% ahead of our previous estimate and a baseline for FY23E from which it can still feel confident of growing profits by 20% plus. Ma ....