Breedon Group revenues up to GBP800m in 10M19

Breedon Group Plc has released results for the first 10 months to 31 October 2019 with revenues up by eight per cent to approximately GBP800m.

The results included a 10-month contribution from the former Lagan Group that was acquired by Breedon in April 2018. Breedon said it had performed well, seeing improved EBIT and continuing robust cash generation during the 10-month period.

"These results were achieved against the backdrop of a flat construction market in Great Britain, where lower industry sales volumes were recorded for all major heavyside construction materials in the nine months to 30 September 2019," Breedon's statement said.

Group sales of aggregates volumes rose by four per cent, asphalt was up eight per cent and cement by six cement, while ready-mix volumes declined by five per cent.