Materials giant bucks market trend

Construction materials giant Breedon has increased its revenue by eight per cent despite the challenges posed by a “flat” UK construction market, the company says.

The East Midlands-based firm increased its sales of aggregates by four per cent in the 10 months to 31 October and saw its revenue rise to around £800 million.

Although Breedon’s sales of ready-mix concrete declined by five per cent, it sold eight per cent more asphalt during the period and continues to generate cash in “robust” fashion.

The firm says that while lower industry sales volumes were recorded for all major heavyside construction materials in the nine months to 30 September 2019, the 10-month contribution of the former Lagan Group, which it acquired in April 2018, has given it cause for optimism.

Despite the current climate of political and economic uncertainty, Breedon is expecting to make further progress next year, and says it has consistently proved that it can “produce superior results irrespective of market conditions.”

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