Breedon Group (BREE)

Sector:

Construction and Building Materials

Index:

FTSE 250

384.50p
   
  • Change Today:
      0.50p
  • 52 Week High: 396.50
  • 52 Week Low: 304.50
  • Currency: UK Pounds
  • Shares Issued: 343.01m
  • Volume: 487,067
  • Market Cap: £1,318.86m

Breedon recovers cost increases in solid first quarter

By Josh White

Date: Thursday 28 Apr 2022

LONDON (ShareCast) - (Sharecast News) - Breedon Group said in a trading update on Thursday that it started the year "well", with order intake and volumes following usual seasonal patterns through the first three months of 2022.
The AIM-traded building materials supplier, which was holding its annual general meeting later in the day, said its end markets remained "supportive", leading to reported and like-for-like revenue growth of 16% over the first quarter of 2021.

It said acceptance of rising input costs, and an "increasingly dynamic" price environment across all major product groups, enabled full cost recovery through the quarter, which the board said was "encouraging".

Breedon also confirmed that its 37.5%-owned associate BEAR Scotland retained responsibility for Scotland's north west trunk roads for at least another eight years, maintaining supply relationships and long term visibility for its Scottish surfacing business.

"We recognise that international events have increased macroeconomic uncertainty," said chief executive officer Rob Wood.

"Nonetheless, we are encouraged that our end markets, particularly infrastructure and housing, remain supportive and we have successfully recovered input cost inflation in the first quarter through dynamic pricing."

Wood said the business offered a "natural hedge" against inflation, with the board confident in the resilience of its local operational model.

"Normal seasonal patterns of activity are evident with orders and enquiries increasing throughout the quarter and we continue to trade in line with management expectations."

Breedon said it would announce its interim results for the six months ending 30 June on 27 July.

At 0925 BST, shares in Breedon Group were up 0.38% at 80.3p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Breedon Group Market Data

Currency UK Pounds
Share Price 384.50p
Change Today 0.50p
% Change 0.13 %
52 Week High 396.50
52 Week Low 304.50
Volume 487,067
Shares Issued 343.01m
Market Cap £1,318.86m

Breedon Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
23.15% below the market average23.15% below the market average23.15% below the market average23.15% below the market average23.15% below the market average
26.83% below the sector average26.83% below the sector average26.83% below the sector average26.83% below the sector average26.83% below the sector average
Price Trend
51.31% above the market average51.31% above the market average51.31% above the market average51.31% above the market average51.31% above the market average
46.34% above the sector average46.34% above the sector average46.34% above the sector average46.34% above the sector average46.34% above the sector average
Income
33.67% above the market average33.67% above the market average33.67% above the market average33.67% above the market average33.67% above the market average
11.76% below the sector average11.76% below the sector average11.76% below the sector average11.76% below the sector average11.76% below the sector average
Growth
90.93% above the market average90.93% above the market average90.93% above the market average90.93% above the market average90.93% above the market average
95.12% above the sector average95.12% above the sector average95.12% above the sector average95.12% above the sector average95.12% above the sector average

Breedon Group Dividends

  Latest Previous
  Final Interim
Ex-Div 04-Apr-24 12-Oct-23
Paid 17-May-24 10-Nov-23
Amount 9.50p 4.00p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 243,713 @ 384.50p
16:35 661 @ 384.50p
16:35 2,254 @ 384.50p
16:35 5,247 @ 384.50p
16:35 776 @ 384.50p

Breedon Group Key Personnel

CEO Rob Wood
CFO James Brotherton

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