Brickability Group PLC Raises Profit Expectation for the Year

BRICKABILITY GROUP PLC has raised its profit guidance for the year to March 2022 after strong trading across all of its business in recent months.

Brickability is the parent company of several roofing and cladding companies and brands, including Crest Roofing, Crown Roofing, Excel Roofing, McCann Roofing Products, LBT Brick and Facades and U Plastics.

The brick and building materials distributor now expects underlying profits (adjusted EBITDA) of a least £32 million for the full year, which is ahead of market forecasts earlier in the year and compares to the Group’s posting of £17.5m in the year to March 2021.

Brickability Profit

Brickability said the profit improvement had been achieved even with Covid and industry supply chain disruption and had been helped by recent acquisitions such as timber and facades supplier Taylor Maxwell all performing well.

“Sustained positive momentum and optimism within the UK housebuilding sector is reflected in the group’s forward order book levels, with demand for the group’s product offering building throughout this year and expected to continue into the new financial year,” the Trading Update reads.

Roofing accounted for £12.4m of Brickability Group PLC turnover in 2021, down from £17.1m the previous year. The decrease was attributed to the pandemic, supply shortages and robust demand.

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