Cement News tagged under: Breedon Group

RSS feed

Breedon on track to deliver record earnings

25 November 2022, Published under Cement News

Breedon Group reported that trading conditions remained supportive in the second half, enabling the company to fully recover rising input costs through robust pricing and disciplined cost management. In the four months to October 2022 group revenue expanded by 16 per cent YoY, resulting in a revenue of GBP1186m in the year to date, up 14 per cent YoY and 12 per cent on a like-for-like basis. In Great-Britain the group delivered a strong operational performance and advanced strategically....

Breedon Group reports revenue of GBP671m in 1H22

27 July 2022, Published under Cement News

Breedon Goup's interim 2022 results saw revenue reach GBP671.1m (US$809.1m) up 12 per cent from GBP600.9m in 1H21. EBIT totalled GBP65.5m, up 22 per cent from GBP53.7m, and profit before tax totalled GBP59.5m, up 29 per cent from GBP46.2m. Breedon explained that approximately 20 per cent of the group’s revenue originates from residential construction where housing markets in both GB and Ireland are structurally under-invested and have robust order books. The industrial sector also offers ...

Breedon Group's revenue growth reaches 16% in 1Q22

28 April 2022, Published under Cement News

Breedon Group plc has announced that it started the year well with order intake and volumes following usual seasonal patterns through the first three months of 2022. End markets remain supportive, leading to reported and LfL revenue growth of 16 per cent over the first quarter of 2021.   Acceptance of rising input costs, and the increasingly dynamic price environment across all major product groups, has enabled full cost recovery through the quarter and is encouraging, said Breedon Gro...

Breedon Group Plc records revenue of GBP1232.5m in 2021

09 March 2022, Published under Cement News

Breedon Group Plc announced revenue from audited annual results for the year ended 31 December 2021 totalling GBP1232.5m, up 33 per cent from GBP928.7m in 2020. Profit before tax amounted to GBP114.3m compared to GBP48.1m in 2020, a rise of 138 per cent. Statutory EBIT reached GBP127.4m, up 107 per cent when compared to GBP61.6m in 2020.  On a like-for-like (LfL) basis and compared to 2019, aggregates volumes increased 12 per cent, asphalt volumes 20 per cent and cement volumes by 14 per ...

Breedon's asset disposal to complete shortly

01 December 2020, Published under Cement News

The UK’s Competition and Markets Authority (CMA) has now accepted Breedon Group’s undertakings to dispose of certain assets to Tillicoultry Quarries. The company made the move to address the CMA’s concerns that its purchase of certain assets from Cemex UK may lessen competition in certain areas. In a statement to the London Stock Exchange, Breedon confirmed that it now expects the disposal of assets to Tillicoultry Quarries to complete shortly.

Breedon Group closes operations in Ireland

01 April 2020, Published under Cement News

Breedon Group has announced the temporary closure of its plants in the Republic of Ireland, including its Kinnegad cement plant, with the exception of those serving health projects or critical road and utility infrastructure. The closure is in addition to other measures announced last week and follows the Irish government introducing restrictions on non-essential businesses from 27 March. "Our priority remains the health and wellbeing of our colleagues, subcontractors, customers and co...

Breedon announces COVID-19 mitigation measures

27 March 2020, Published under Cement News

Breedon Group, based in Great Britain and Ireland, has announced a series of measures that it will undertake to mitigate the impact of COVID-19. "In light of recent government measures, and to ensure the safety and wellbeing of our colleagues, subcontractors, customers and communities, we have decided temporarily to suspend production at our UK sites, with the exception of our Hope cement plant and those of our operations which serve critical supply needs. During the course of this week we ...

Breedon shareholder plans to sell up to 8.3% stake

07 November 2019, Published under Cement News

Breedon Group Plc shareholder M1 Cement Holding Ltd plans to sell up to 8.3 per cent of the company’s issued share capital via a secondary placing, according to brokerage JP Morgan Securities Plc. M1 Cement plans to sell up to around 139.7m shares in the British construction-materials company. The price of the placing will be determined through an accelerated bookbuild process to institutional investors, the brokerage said. Breedon shares closed 0.6 per cent higher at 65.40 pence on Tue...

Breedon Group reports 18% revenue increase

26 July 2019, Published under Cement News

UK-based Breedon Group has reported an 18 per cent YoY rise in revenue to GBP447.4m for the first six months of 2019. Pretax profit advanced 30 per cent to GBP39.5m, compared to GBP30.4m in the 1H18. Ready-mix concrete volumes fell five per cent from 1.6Mm 3 to 1.5Mm 3 , but cement sales were up from 0.9Mt to 1Mt in the 1H19. The company also saw aggregate sales climb six per cent to 9.9Mt from 9.3Mt. "The period began well, with benign weather in the first quarter and generally healthy...

Breedon 1H17 results boosted by Hope contribution

20 July 2017, Published under Cement News

Breedon Group plc, the UK’s largest independent construction materials group, announces its unaudited interim results for the six months ended 30 June 2017, reporting a strong profit improvement from former Breedon Aggregates business and robust contribution from former Hope Construction Materials. The former Breedon Aggregates business posted a strong profit improvement, even after taking into account the shutdowns of both Hope kilns for planned annual maintenance and upgrade during the ...