BRCK Group (BRCK) Trading Update summary

Trading performance

• Revenue grew 12.3% like-for-like in the four months to 31 January 2025, with all four divisions contributing.

• Bricks and Building Materials and Importing divisions saw strong revenue growth, though pricing became more competitive due to softer market demand.

• Distribution division benefited from high demand for solar PV products, while Contracting division saw strong margins from cladding and fire remediation projects.

Strategic positioning and outlook

• Diversified revenue streams and multi-channel structure supported resilience in a challenging market.

• Board expects adjusted EBITDA for FY25 to be modestly ahead of market expectations (£47.0m consensus).

• Good visibility on orders and projects through year-end, with long-term UK housing demand seen as robust.

• Investments in IT and process standardisation aim to improve efficiency and customer service.

Business overview

• Brickability operates four divisions: Bricks and Building Materials, Importing, Distribution, and Contracting.

• The group employs over 800 professionals and leverages a capital-light, decentralised model.

• Growth has been achieved through product diversification, geographic expansion, and acquisitions.