Half-Year Sales and Profits Rise for Breedon

Breedon is helped by strong demand for infrastructure projects

The group, which has quarries in Shropshire, saw its revenue rise by 12% to £671.1million.

Pre-tax profit was ahead 29% to £59.5m for the period.

Breedon said that despite the increasingly uncertain economic and political backdrop during the six months, he was optimistic for the remainder of 2022 with healthy customer order books.

Infrastructure demand is well supported by large, long-term projects and centrally funded programs, major industrial projects are also coming to market, driven by the environmental agenda, and housing construction order books remain strong .

Managing Director Rob Wood said: “We have had a strong start to 2022. Our teams are focused on getting pricing right, our end market exposure is favorable and that has delivered great results, advancing our margins and our returns towards our medium-term objectives.

He added: “We have continued to invest in our team as we prepare for our next chapter of growth and this was reflected in our recent engagement survey where response and engagement rates were the Our colleagues are rising to the challenges presented by uncertainty by staying focused on responding agilely to local market demands, winning new business, improving efficiency and delivering first-class service. class to our customers.Today more than ever, our agile and entrepreneurial DNA will set us apart.