Breedon Group

Strong update – profits to be above market estimates

  • Sectors : Building Materials
  • Companies : Breedon Group

Ratings and price correct at time of issue.

  • Breedon Group

    Closing Price: 98.9p

  • RATING 22/11/19

  • PREVIOUS RATING 25/10/17



Breedon Group has delivered an impressive nine-month result, with full year profits now expected to be above the top-end of market estimates. That points to solid price and margin execution in the face of significantly higher input costs and supply chain disruption in the UK. Outlook comments read well and, with energy hedged forward, the group is well set for 2022. More details on Breedon’s long-term strategic plans will be revealed at the Capital Markets Event to be held later today.

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Nov 24 2021, 08:10 GMT