Record year for Breedon as firm targets US growth

Breedon, the Leicestershire construction materials group, has reported record revenues for 2021, in what it is calling an “outstanding” year.

The listed firm saw turnover hit £1.23bn – up a third from 2020, while profit before tax rose by 138% to £114.3m.

Breedon said it delivered more materials to customers during the year than at any other time during its history.

The company has also hired a business development director to target the US market.

Rob Wood, CEO, said: “2021 was a record year for Breedon. We navigated the second year of the pandemic successfully, supplied our customers with more materials than at any point in our history and fully integrated the Cemex assets. This excellent outcome was achieved at a time of constant change and the response from our colleagues, adjusting to the pandemic and the volatile economic backdrop, has been outstanding.

“Breedon is maturing. There are strong demand dynamics in our markets and we have many exciting opportunities ahead of us in the current year and beyond. Our GB Surfacing business is positioned for growth, the Cemex acquisition is integrated and poised to reap the benefits of our investment, and we see a number of bolt-on opportunities to in-fill our current footprint in GB and Ireland. Further afield, we have appointed a business development director in the US as we advance our plans for a third platform.

“The building blocks are in place for our next chapter of growth.”