Michelmersh experiences 'strong' demand YTD

Brick manufacturer Michelmersh said on Thursday that it has experienced "strong demand" from its customers since returning to full production capacity during the summer of 2020.

So far in 2021, Michelmersh stated its performance had continued to be "robust" and production volumes were ahead of expectations as the construction market remained "very active".

"Acknowledging this encouraging performance to date in 2021, and the group's strong and balanced order book, the board is confident that the group is firmly on track to meet full-year expectations," said Michelmersh chairman Martin Warner.

The AIM-listed group, which will hold its annual general meeting on Thursday, added that pending approval by shareholders, it will pay a dividend in respect of the year ended 31 December 2020 of 2.5p per ordinary share on 14 July.

As of 1055 BST, Michelmersh shares were up 1.51% at 147.70p.