Cement News tagged under: Breedon Group

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First Graphene enters development and commercialisation agreement with Breedon

13 October 2023, Published under Cement News

Following on from the positive results from First Graphene’s first round of trials of its graphene-enhanced cement at Breedon Cement’s Hope Cement Works , UK, First Graphene has now entered a joint development and commercialisation agreement with Breedon Group . The agreement will facilitate the company’s development of a range of graphene-enhanced solutions to reduce the clinker factor of Breedon’s cement and reduce its carbon footprint. Both companies have agreed to focus on enhancin...

Breedon reports solid 1H23

26 July 2023, Published under Cement News

Breedon Group plc announced its unaudited interim results for the first six months of 2023, ended 30 June. Revenues for the UK-based construction materials group increased by 11 per cent YoY to GBP742.7m (US$958.7m), but EBIT saw a five per cent drop YoY to GBP62.1m in the 1H23. On a like-for-like basis (adjusting for six bolt-on acquisition in the last 12 months), revenue increased by seven per cent and EBIT by four percent. As as result the EBIT margin slipped by 140 basis points to 8....

Breedon joins London Stock Exchange's Premium Listing segment

18 May 2023, Published under Cement News

Breedon has announced its admission to the Premium Listing segment of the main market of the London Stock Exchange and the simultaneous cancellation from trading on the AIM market at 8.00h on 17 May 2023. Rob Wood, CEO, commented: “Today marks a significant moment in Breedon’s history as we celebrate our move from AIM to the Premium Listing Segment of the Official List and to trading on the Main Market of the London Stock Exchange.  “As an established business with a track record for...

Breedon reports positive 1Q trading update

27 April 2023, Published under Cement News

Breedon Group plc posted a positive trading update for the first quarter of 2023. It attributes the good result to its dynamic pricing strategy, which allowed the group to recover costs and offset expected volume softness. Revenue saw a 10 per cent advance YoY, or by seven per cent on a like-for-like basis (adjusted for the impact of acquisitions and disposals). Breedon’s CEO, Rob Wood, said ”Our performance in the first quarter demonstrates the resilience and flexibility of our team an...

Breedon records revenue of GBP1396m in 2022

09 March 2023, Published under Cement News

During 2022, Breedon Group Plc   grew revenue by 13 per cent to GBP1396.3m (EUR1566.7m/US$1658.4m) in 2022 (2021: GBP1232.5m) and the company’s underlying EBIT rose by 16 per cent to GBP155m (2021: GBP133.6m).   The company completed three strategically significant bolt-on acquisitions and increased its net capital expenditure to GBP102m (2021: GBP71m) as bottlenecks in the supply chain relaxed while reducing Breedon’s Covenant Leverage to 0.7x (2021: 0.8x).   Volumes reduced in the...

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.