Breedon Group announces solid trading update
Published by Jonathan Rowland,
Editor
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
Ready to revolutionise the cement industry?
Join World Cement in Lisbon, 10 – 13 March 2024, for our first in-person conference and exhibition: EnviroTech.
This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.
Breaking the cycle of silo buildup
Brad Pronschinske, Martin Engineering, explains how the effective use of air cannons can remedy silo buildup and clogging issues, avoiding lost production and increasing safety.
