Brickability's 'strong recovery' continues

Construction materials distributor Brickability said on Tuesday that it has continued its "strong recovery" and noted that lockdown measures since November had made "little material effect" on trading.

Brickability said the market for its products continued to improve and highlighted that the fundamentals for housebuilding remained "strong" and that the group had maintained "rigorous cost control" while continuing to make acquisitions and other strategic investments.

Additionally, the AIM-listed firm stated it had undertaken "significant preparation" for the UK's departure from the European Union and saw "no negative impact" to trading as a result of Brexit.

Brickability pointed out that it now expects an adjusted underlying earning of at least £16.0m for the year ending 31 March.

As of 0830 GMT, Brickability shares were up 7.37% at 71.40p.