Brickability FY EBITDA to be no less than £47m

Construction materials group Brickability now expects to report full-year adjusted underlying earnings of at least £47.0m, ahead of current market expectations of £44.7m.

Brickability said on Monday that its underlying earnings beat was a result of its continued "strong performance" across all of its business divisions.

"The group's continued positive performance, despite the wider challenges and uncertainty, underlines the importance of Brickability's diverse multi business strategy, which has, once again, enabled the business to successfully navigate these pressures," said the AIM-listed firm.

Brickability added that whilst it was "mindful of the short-term impacts" on its sectors that a challenging macroeconomic environment could bring, it remains confident that it has been "well placed" to continue delivering on its strategic objectives and the underlying growth of the business.

Reporting by Iain Gilbert at Sharecast.com