Group sales volumes of aggregates increased by 47 per cent, asphalt by 2 per cent and concrete by 99 per cent. The group’s cement business is said to be performing in line with expectations. Total Group revenue for the period increased by 56 per cent to approximately £561 million.
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.
In a trading statement, Breedon said: “Forecasters expect construction output to grow modestly in 2017 and remain broadly flat next year before returning to growth in 2019. More significantly for us, new infrastructure and housing work – which together account for approximately two-thirds of our end-use markets – are expected to show healthy growth over the next two years.
“We continue to invest in our business at record levels, which is yielding appreciable benefits in terms of enhanced performance and improved productivity. This organic improvement gives us confidence that we will make further progress in 2018.”
Breedon Group will announce its preliminary results for the year ending 31 December 2017 on 7 March 2018.
