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Michelmersh's order book provides solidity

Double-digit revenue growth compares with declines at major peers
September 5, 2023
  • Dividend raised by 15 per cent to 1.5p
  • £1mn spent on buybacks in first half

Michelmersh Brick’s (MBH) half-year numbers would look decent enough in a relatively benign period of activity for building materials producers, but the fact that it achieved double-digit organic revenue growth at a time when established competitors like Ibstock (IBST) and Forterra (FORT) were reporting double-digit declines looks like quite an achievement.

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