Michelmersh Brick Holdings PLC (AIM:MBH.L), the specialist brick, land development and landfill company, announces that at its Annual General Meeting (AGM), which is to be held at 10.30 am today, Martin Warner, Chairman, will make the following statement:
“The Group as a whole has performed well for the first four months of 2018, largely unaffected by some severe weather in February and March. Carlton Main Brickworks Limited is proving to be an excellent acquisition and is performing as anticipated. I am looking forward to its full year contribution to the Group's results in 2018. At this early stage of the year, the Board expects the Group's trading performance for the twelve months to 31 December 2018 to be in line with market expectations and show significant growth over 2017.”
Pending approval by shareholders at the AGM, the final dividend in respect of the year ended 31 December 2017 of 1.45 pence per ordinary share will be paid on 30 June 2018 to members on the register on 1 June.
About Michelmersh Brick Holdings PLC:
Michelmersh Brick Holdings PLC is a business with six market leading brands: Blockleys, Carlton, Charnwood, Freshfield Lane, Michelmersh and Hathern Terra Cotta. These divisions operate within a fully integrated business combining the manufacture of clay bricks, tiles and pavers. The Group also includes a landfill operator, New Acres Limited, and seeks to develop future landfill and development opportunities on ancillary land assets.
Established in 1997, the Company has grown through acquisition and organic growth into a profitable and asset rich business, producing over 100 million clay bricks, tiles and pavers per annum. Michelmersh currently owns most of the UK's premium manufacturing brands and is a leading specification brick and clay paving manufacturer.
Michelmersh strives to be a well invested, long term, sustainable, environmentally responsible business. Opportunity, training and security for all employees, whilst meeting the needs of stakeholders are at the forefront of everything we do. We aim to lead the way in producing some of Britain's premium clay products and enhancing our environment by adding value to the architectural landscape for generations to come.