Construction materials group Breedon, owner of quarries and plant around Scotland, including in the north and north-east, said yesterday it delivered “another solid performance” during the 10 months to October 31.
Both volumes and revenue were ahead of the prior year, including a full 10-month contribution from the former Hope Construction Materials business, which was part of the group for only three months in the corresponding period of 2016. Breedon said group sales volumes of aggregates increased by 47%, asphalt by 2% and concrete by 99%, while its cement business performed “in line with our expectations” as total revenue soared by 56% to about £561million.
It added: “Assuming normal weather conditions for the remainder of the financial year, the group’s underlying Ebit (earnings before interest and taxes) for the full year is expected to be in line with current market expectations.”
The company is due to post annual results on March 7.