Scale

Dec 1, 2021

1 Dec 2021 Wales Business Laurence Kilgannon Listed construction materials distributor Brickability has reported a strong set of interim results and said it is well positioned to capitalise on opportunities. In the six months to 30 September 2021, revenue at the business increased by 197 per cent to £223.5m, while profit before tax rose by 120.4 per cent to £11.9m. During the period, Brickability acquired Taylor Maxwell and Leadcraft. The business said it had made a strong start to 2021, with performance ahead of same period in 2019 pre-Covid. Chairman John Richards said: "We are pleased to have delivered another strong performance across all our divisions during the period. "As the housebuilding and construction market has continued to improve, all our divisions have benefitted from the increased demand which has resulted in a strong order book. "Our strategy of bolt on acquisitions has enabled us to significantly expand our product offering, through the acquisition of Taylor Maxwell and Leadcraft, as well as, seeing the group enter the renewable energy product space with the acquisition of HBS New Energies and UPOWA, a strategically significant sector for the group moving forward, post-period." He added: "We believe Brickability is well positioned for the future, and that the scale and diversity of the business, will enable the group to capitalise on opportunities in the market and further strengthen our positioning."