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Breedon profit to “exceed expectations”

Breedon Aggregates Limited has issued a trading statement ahead of its preliminary results announcement on 5 March, 2013. The company says it performed well over the 12-month period ended 31 December, 2012 with revenue broadly in line with market expectations, while the EBITDA margin has continued to improve since the trading update in November 2012, which together with lower depreciation, depletion and amortisation and an improved contribution from its associates, means underlying profit before tax is set
February 12, 2013 Read time: 1 min

894 Breedon Aggregates Limited has issued a trading statement ahead of its preliminary results announcement on 5 March, 2013.

The company says it performed well over the 12-month period ended 31 December, 2012 with revenue broadly in line with market expectations, while the EBITDA margin has continued to improve since the trading update in November 2012, which together with lower depreciation, depletion and amortisation and an improved contribution from its associates, means underlying profit before tax is set to significantly exceed expectations.

Breedon Aggregates is the largest independent aggregates group in the UK after the five global majors, and it operates 27 quarries, 18 asphalt plants and 40 concrete plants in England and Scotland, employing approximately 800 people.

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