They show a 28% increase in revenue from £125.2 million the previous comparable period to £160.5 million; underlying EBITDA at £27.3 million (£17.8 million in 2014, + 54%), and a pre-tax profit rise of 92% from £9.1million to £17.5 million.
The company says that underlying results are stated before acquisition related expenses, redundancy and reorganisation costs, property items, amortisation of acquisition intangibles and related tax items.
The figures also show that Breedon sold 4.5 million tonnes of aggregates in H1, 2015 compared to 3.6 million tonnes in H1,2014; 0.9 million tonnes of asphalt (0.7 million tonnes in 2014), and 0.4 million m³ of ready-mixed concrete (30 June 2014: 0.3 million m³).
Breedon lists as its highlights astrong trading performance; underlying business well ahead of prior year;underlying EBITDA margin up to 17%; Huntsmans and former Barr business performing well;step-up in capital investment on track; mineral reserves and resources replenished, and several acquisition opportunities under review
Looking ahead Peter Tom CBE, executive chairman, said: "Trading during the first half was strong, with both the underlying business and recent acquisitions performing ahead of our expectations. March was a record month for the group, with exceptional performances from both England and Scotland.
“Assuming that current trading conditions continue through the second half of 2015, we believe that market expectations for the year will be exceeded.”
Breedon Aggregates says it is the leading independent aggregates business in the UK after the four global majors.
It operates 53 quarries, 26 asphalt plants, 59 ready-mixed concrete plants and three concrete block plants in England and Scotland and employs around 1,240 people.
The group has strong asset backing, with over 500 million tonnes of mineral reserves and resources in the UK, and its strategy is to grow through consolidation of the UK heavyside building materials sector.
