Skip to main content

Breedon Group announces solid trading update

Published by
World Cement,


Breedon Group – the UK’s largest independent building materials supplier – has announced a “solid performance” in the first ten months of the year.

According to its latest trading update, both volumes and revenues were ahead of 2016, as the company benefitted from the inclusion in its results of the former Hope Construction Materials business.

The acquisition of Hope Construction Materials, which includes the Hope cement plant, was completed in August 2016 for £336 million.

Breedon’s cement sales were “in line with expectations” the company said in the update, while sales of aggregates were up 46% and asphalt sales were up 2%. Under UK regulations, exact cement volumes are not disclosed.

“Assuming normal weather conditions for the remainder of the financial year, the groups underlying EBIT for the full year is expected to be in line with current market expectations” of between £74 and £83 million, the company continued.

Read the article online at: https://www.worldcement.com/europe-cis/22112017/breedon-group-announces-solid-trading-update/

You might also like

 WCT2020

WCT2020

WCT2020 provides a unique online forum for cement industry professionals to hear first-hand from experts through a series of exclusive presentations from cement producers and industry experts.

Find out more and register for the series »

 

 Spotlight

World Cement Spotlight with Rockwell Automation

World Cement Editor, David Bizley, sat down with Michael Tay, Advanced Analytics Product Manager at Rockwell Automation to discuss his recent article in World Cement.

Entitled ‘Smooth Sailing’, this article explains how machine learning can help save energy, reduce downtime and predict equipment failures, thus enabling the smooth running of cement plant operations.

Watch the interview now »

 
 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

UK cement news