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Nov 25 2022, 08:15 GMT
Breedon Group
Solid update with positive incrementals
- Sectors : Building Materials
- Companies : Breedon Group
DAVY VIEW
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.
