Michelmersh trading in line with expectations
By Josh White
Date: Friday 22 Nov 2024
(Sharecast News) - Specialist brick manufacturer Michelmersh said in a trading update on Friday that its performance for the year ending 31 December remained in line with market expectations.
The AIM-traded company cited resilient trading during the second half, and continued robust demand across its customer base.
Order intake continued to exceed manufacturing capacity, supported by a well-balanced forward order book with pricing strategies designed to sustain demand.
While the board said activity levels in the construction sector remained uncertain, the firm was working with customers to align delivery schedules with expected timelines.
The group highlighted the quality and diversity of its order book as key factors driving stable trading.
It said it expected revenue, profit, and cash generation to meet market forecasts for the full year.
The company planned to release its final results for 2024 on 25 March.
At 1151 GMT, shares in Michelmersh Brick Holdings were up 2.69% at 106.8p.
Reporting by Josh White for Sharecast.com.
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