Michelmersh Brick Holdings ( (GB:MBH) ) has issued an announcement.
Michelmersh Brick Holdings reported a resilient performance for the year ended December 2024, despite a challenging construction industry environment. The company experienced a 9.3% decline in revenue, attributed to a competitive pricing environment and product mix. However, it maintained stable market share and continued to focus on sustainability initiatives, investing £5.6 million in efficiency improvements. The company is well-positioned for market recovery with a strong balance sheet and a focus on maintaining a well-balanced forward order book. Despite a 30% decline in brick despatches since 2022, Michelmersh’s strategic focus on diverse end markets has allowed it to outperform broader market declines.
More about Michelmersh Brick Holdings
Michelmersh Brick Holdings PLC is a leading UK-based manufacturer specializing in premium, precision-made bricks, pavers, and bespoke Terra Cotta products. The company operates through seven market-leading brands and includes a landfill operator, New Acres Limited. Established in 1997, Michelmersh has grown through acquisitions and organic growth, producing over 122 million clay bricks and pavers annually. It is committed to sustainable and environmentally responsible practices, aiming to enhance the architectural landscape with its premium clay products.
YTD Price Performance: 2.01%
Average Trading Volume: 114,000
Technical Sentiment Signal: Sell
Current Market Cap: £95.08M
For detailed information about MBH stock, go to TipRanks’ Stock Analysis page.