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Share Price: 387.00

Bid: 385.00

Ask: 387.50

Change: 0.00 (0.00%)

Spread: 2.50 (0.649%)

Open: 386.00

High: 390.00

Low: 385.50

Prev. Close: 387.00

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Breedon's revenues on the rise despite flat construction market

Wed, 21st Nov 2018 08:08

(Sharecast News) - Breedon Group reported an increase in revenue for the year-to-date on Wednesday, despite pointing to the "challenges" of a flat construction market and rising input costs.Revenue at the construction materials group increased 32% to roughly £739m over the ten months ended 31 October, as recently acquired Lagan Group "traded strongly" and its integration progressed well.Sales volumes of aggregates increased by 21% across the group, with asphalt up 45% compared with the prior year, though, in common with the rest of the market, concrete volumes declined by 5%.The outfit's underlying EBIT for the full year is expected to be in line with current market expectations of between £100m and £103m if weather conditions remain normal.After the construction industry saw flat output in 2018, analysts expect modest growth next year before it picks up pace in 2020. Meanwhile the Republic of Ireland is expected to deliver double-digit growth."Whilst we are mindful of the likelihood of continuing cost pressures next year, coupled with the unpredictability of the outcome of the Brexit negotiations, we have consistently demonstrated our ability to deliver value for our shareholders, irrespective of market conditions," the AIM traded company said in its statement.The statement added that sustained organic improvement, strong cash generation, broadening geographical exposure and further potential acquisitions had given the board confidence of "further progress" next year.Breedon's shares were down 0.99% at 70.20p at 0901 GMT.

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7 Dec 2016 15:33

Director dealings: Breedon's Peter Tom sells £5.1m of shares

(ShareCast News) - Breedon's executive chairman and a divisional chief executive pocketed a combined £5.2m after selling shares in the construction materials group a week after it announced full year earnings would be ahead of expectations. Chairman Peter Tom, founder of Breedon and 50-year aggregat

5 Dec 2016 09:33

BROKER RATINGS SUMMARY: Citi Raises BHP, Anglo, Rio Tinto And South32

30 Nov 2016 09:16

Breedon buys rival Sherburn Minerals for £15.7m

(ShareCast News) - Construction materials company Breedon bought rival Sherburn Minerals for £15.7m, in order to gain further access to the market in the north of England. The sale will be satisfied by £9.5m in cash, funded from t existing resources, together with the assumption of £6m debt. A furth

30 Nov 2016 08:25

Breedon Buys Heavyside Building Group Sherburn As Revenue Up 31%

5 Sep 2016 15:43

Director dealings: Breedon's Marwyn man takes some profits

(ShareCast News) - Breedon Group director David Williams, who brought the company to AIM in 2008, has sold £4.8m of shares as they trade not far off their all-time high a month after the building materials group completed a transformational acquisition. Non-executive director Williams, who as boss o

11 Aug 2016 08:35

BROKER RATINGS SUMMARY: Barclays Cuts Travis Perkins To Underweight

27 Jul 2016 15:24

CMA clears Breedon Aggregates acquisition of Hope

(ShareCast News) - Breedon Aggregates' planned takeover of Hope cleared a major hurdle on Wednesday, with the Competition and Markets Authority accepting its undertakings in lieu of a Phase 2 investigation. The AIM-traded firm said as a result, it has been cleared to complete the acquisition, subjec

21 Jul 2016 14:09

Breedon Aggregates earnings well ahead in first half

(ShareCast News) - Independent aggregates business Breedon Aggregates posted its unaudited interim results for the six months to 30 June on Thursday, with revenue rising 2% over the period to £163m. Underlying EBIT improved 21% to £22.8m, and profit before tax was ahead 19% at £20.9m. The AIM-trade

21 Jul 2016 07:31

Breedon Interim Profit Grows, Agrees Asset Sales For Hope Deal

14 Jul 2016 15:07

UK Earnings, Trading Statements Calendar - Next 7 Days

14 Jul 2016 15:06

UK Shareholder Meetings Calendar - Next 7 Days

6 Jul 2016 09:54

Breedon Aggregates Seeks Approval For Name Change To Breedon Group

14 Jun 2016 15:51

Directors dealings: Breedon scoops up some shares

(ShareCast News) - Breedon Aggregates's boss moved to show faith in the company's prospects as the Brexit-related uncertainty takes its inevitable toll on economic activity in the UK and the country's construction sector. Pat Ward, who took over as company chief executive on 8 March, is looking to c

14 Jun 2016 10:50

DIRECTOR DEALINGS: Breedon Aggregates CEO Buys 50,000 Shares

26 Apr 2016 10:25

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