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Breedon reports 'encouraging' Q1 results as revenue jumps 50%

By BFN News | 10:15 AM | Tuesday 30 April, 2019


Construction materials group Breedon said trading in the first quarter of the year was 'encouraging,' as revenues grew by 50%. Revenue rose 50% to approximately £211m quarter-on-quarter in the first quarter, and on a like-for-like basis were ahead 10%, as milder weather conditions this year boosted performance, the company said. 'The underlying outlook remains positive for our markets. Construction output is forecast to grow by nearly three per cent in Great Britain and at an appreciably stronger rate in the Republic of Ireland over the next three years, led by infrastructure, industrial and housing development,' it added. The company maintained its expectations for the full year. 'We look forward to reporting our half-year results on 25 July. In the meantime, based on our performance in the year to date the Board's expectations for the full year remain unchanged.' At 10:15am: (LON:BREE) Breedon Group share price was +1.6p at 69.2p Story provided by StockMarketWire.com

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