Breedon Group

Challenging backdrop persists; FY guidance lowered

  • Sectors : Building Materials
  • Companies : Breedon Group

Ratings and price correct at time of issue.

  • Breedon Group

    Closing Price: 316p

  • RATING 05/06/25

  • PREVIOUS RATING 22/11/19

    OUTPERFORM

DAVY VIEW

Breedon’s trading update to end-October confirms that the challenging backdrop highlighted at H1 has persisted, with no material improvement in demand. Guidance has been lowered again, reflecting softer volumes and ongoing uncertainty. While medium-term opportunities exist, the near-term outlook remains difficult and we anticipate a slow recovery trajectory through 2026, with momentum building later in the year.

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Nov 20 2025, 08:47 GMT

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