Breedon Group

Solid update with positive incrementals

  • Sectors : Building Materials
  • Companies : Breedon Group

Ratings and price correct at time of issue.

  • Breedon Group

    Closing Price: 57.2p

  • RATING 22/11/19

  • PREVIOUS RATING 25/10/17



Breedon’s trading update is not vastly different from expectations (pricing remains key driver, 2022 expectations reaffirmed), but the incremental news is positive. Notably, infrastructure and industrial end-markets “remain resilient”, while the awarding of a number of framework contracts (especially the National Highways Framework) provides more volume certainty into 2023.

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Nov 25 2022, 08:15 GMT