Construction group sees revenues spike in latest financial results

Growth | Midlands | Property & Construction

Breedon concreteBreedon, a leading construction materials group, has delivered a 32% increase in its latest financial results for the 10 months to 31 October 2018 – with revenues reaching £739m.

The group revenues were aided with contribution from the former Lagan Group, which was bought by Breedon for £455m in April this year.

Assuming normal weather conditions for the remainder of the financial year, the Group’s underlying EBIT for the full year is expected to be in line with current market expectations.

Group sales volumes of aggregates increased by 21 per cent and asphalt by 45 per cent compared with the prior year, the company added.

In a statement, Breedon has said it will continue to commit substantial investment across its business.

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