Breedon reveals “solid” trading performance for year to date

BREEDON has announced a “solid performance” in a trading update for the 10 months to 31 October 2017.

The business said both volumes and revenues were ahead of the prior year, including a full 10-month contribution from the former Hope Construction Materials business, which was part of the Group for only three months in the corresponding period of 2016.

Group sales volumes of aggregates, asphalt and concrete are up by 47%, 2% and 99% respectively. Breedon said its cement business is performing “in line with our expectations”. Total Group revenue has increased by 56% to approximately £561 million.

Breedon added that, assuming normal weather conditions for the remainder of the financial year, the Group’s underlying EBIT for the full year is “expected to be in line with current market expectations”.

Preliminary results for the year ending 31 December 2017 will be revealed in March.