MICHELMERSH BRICK HOLDINGS PLC

Earnings Release • Feb 1, 2016

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 5199N

Michelmersh Brick Holdings PLC

01 February 2016

1 February 2016

Michelmersh Brick Holdings Plc

("Michelmersh" or the "Group")

Pre-close Trading Update

Notice of Results

Michelmersh Brick Holdings Plc (AIM: MBH), the specialist brick manufacturer and landfill company, today announces a trading update ahead of its final results for the year ended 31 December 2015, scheduled for release on Monday 21 March 2016.

The Board is pleased to announce that Michelmersh is expecting to report a profit for the year ended 31 December 2015 that is slightly ahead of market expectations. The positive financial performance of the Group reflects stronger selling prices than expected towards the end of the year and consequent improvements in margin. The Group also benefitted from a strong production performance placing Michelmersh in a position from which it can quickly satisfy market demand.

Improvement in profits and strong working capital management has also resulted in a significant improvement in the net cash position over that which was previously expected. Net cash at year end was approximately £2.9million.

The Group's forward order book continues to be robust and well balanced at this point.

Enquiries:

Michelmersh Brick Holdings Frank Hanna, Joint CEO Stephen Morgan, Finance Director	01825 430413
Cenkos Securities plc Bobbie Hilliam (NOMAD) Harry Pardoe Alex Aylen (Sales)	020 7397 8900
Yellow Jersey PR Dominic Barretto Charles Goodwin	07768 537 739 07747 788 221

This information is provided by RNS

The company news service from the London Stock Exchange

END

TSTLLFSRLIIAFIR