Cement News tagged under: Breedon Group Plc
Breedon records revenues of GBP929.6m in 201911 March 2020, Published under Cement NewsBreedon Group Plc has released its 2019 results that saw revenues reach GBP929.6m, up eight per cent on GBP862.7m in 2018. EBITDA totalled GBP116.6m, up 13 per cent on EBITDA of GBP103.5m in 2018. Net debt came in at GBP290.3m, down from GBP310.7m in 2018. Cement sales remained stable at 2Mt sold in 2019 when compared with the previous year, but 20.2Mt of aggregates were sold, up from 19.4Mt YoY. Asphalt sales also claimed from 2.8Mt in 2018 to 3Mt last year, while ready-mix concrete sales ... |
Breedon - growing into a giant10 January 2020, Published under Cement NewsThis week Breedon Group Plc announced it is on track to acquire a large part of Cemex UK's operations for GBP178m (US$232.5m), continuing the company's rapid transformation into a heavy weight of the UK building materials sector. The assets under consideration included 100 active operations , including 49 ready-mix plants, 28 aggregate quarries, four depots, one cement terminal, 14 asphalt plants and four concrete product operations. In the year ended 31 December 2018, Cemex’s UK Assets so... |
Cemex set to divest certain UK assets to Breedon Group08 January 2020, Published under Cement NewsUK-based Breedon Group has announced that it has entered into a conditional agreement with Cemex to acquire certain assets and operations in the UK for a total consideration of GBP178m, on a cash and debt free basis. The assets encompass approximately 100 active operations, including 49 ready-mix plants, 28 aggregate quarries, 4 depots, 1 cement terminal, 14 asphalt plants and 4 concrete products operations. The operations are located across six divisions located in Scotland, Wales, north-... |
Breedon Group revenues up to GBP800m in 10M1920 November 2019, Published under Cement NewsBreedon Group Plc has released results for the first 10 months to 31 October 2019 with revenues up by eight per cent to approximately GBP800m. The results included a 10-month contribution from the former Lagan Group that was acquired by Breedon in April 2018. Breedon said it had performed well, seeing improved EBIT and continuing robust cash generation during the 10-month period. "These results were achieved against the backdrop of a flat construction market in Great Britain, where lower... |
Breedon's unaudited 1H18 results see revenues up 16%05 September 2018, Published under Cement NewsBreedon Group Plc's interim results (unaudited) for 1H18 saw revenues up 16 per cent to GBP378.4m (US$378.4m) from GBP326.3m in 1H17. Profit before tax reached GBP30.4m down three per cent on GBP31.2m in 1H17. Net debt stood at GBP383.6m compared with GBP146.8m in 1H17. The company reported that it sold 9.3Mt of aggregates and 1.2Mt of asphalt and 1.6Mm 2 of ready-mix concrete in the period under review. Underlying EBIT stood at GBP42m up 17 per cent on GBP35.8m in 1H17. During the 1H... |
Breedon Group Plc acquires Blinkbonny quarry01 June 2018, Published under Cement NewsBreedon Northern Ltd, a subsidiary of Breedon Group plc, has completed the acquisition of Blinkbonny Quarry (Borders) Ltd for an undisclosed sum. Blinkbonny operates a quarry and ready-mixed concrete plant near Kelso in the Scottish Borders, employing 14 people. The acquisition provides Breedon with its first quarry in the region, with approximately 2.8Mt of high-quality basalt hard rock reserves and resources and a fleet of ready-mixed concrete mixers and tippers together with a volumetr... |
Breedon to find remedies with CMA to conclude Tarmac quarry deals26 April 2018, Published under Cement NewsBreedon Group Plc's proposed phase 1 acquisition of certain assets from Tarmac, in exchange for a number of ready-mixed concrete plants and a cash payment, as announced on 13 December 2017 has been reviewed by the Competition and Markets Authority (CMA). The CMA has cleared Breedon's acquisition of four quarries from Tarmac but has concluded that there is a realistic prospect of a substantial lessening of competition in three local areas in England and Wales in relation to the supply of r... |
Breedon appoint deputy chairman25 April 2018, Published under Cement NewsBreedon Group plc, the UK's largest independent construction materials group, has appointed Amit Bhatia as non-executive deputy chairman, with immediate effect. Amit joined Breedon’s Board as a non-executive director in August 2016, following the group's acquisition of Hope Construction Materials Ltd. Amitis a Director of Abicad Holding Ltd, a shareholder in Breedon, and Vice Chairman of Queens Park Rangers FC. |
Breedon expands its UK operations20 April 2018, Published under Cement NewsThis week Breedon Group Plc announced that it had entered into a conditional agreement to acquire Lagan Group (Holdings) Ltd for GBP455m. While the aim is to create a leading independent construction materials group in the UK and Ireland, this move will provide the group with a platform to establish further organic growth and bolt-on acquisitions. The acquisition is expected to give Breedon annual cost savings of approximately GBP5m by the third full year following completion. The acqui... |
Breedon Group reports earnings up 43% to GBP652m07 March 2018, Published under Cement NewsBreedon Group PLC reports revenues grew by 43 per cent to GBP652.4m (US$904.9m) in 2017 while underlying earnings before interest and tax (EBIT) increased by 35 per cent to GBP80.4m, including a full-year contribution from Hope Construction Materials Ltd. This equates to an underlying EBIT margin of 12.3 per cent and Breedon reports that it is making good progress towards its 2020 target of 15 per cent. Profit before tax rose by 52 per cent to GBP71.2m and underlying basic earnings p... |