REG - Breedon Group PLC - AGM Trading Update

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RNS Number : 2795C  Breedon Group PLC  29 April 2026

 

 

 29 April 2026

 

BREEDON GROUP PLC

 

AGM Trading Update

 

Breedon Group plc (Breedon or the Group), a leading vertically-integrated
construction materials group in Great Britain, Ireland and the United States,
provides the following trading update ahead of the Group's Annual General
Meeting being held later today.

 

Trading in the first quarter was in line with our expectations. Revenue in the
quarter increased 5% compared with Q1 2025, benefitting from contributions
from Lionmark in the United States and Booth in Ireland. On a like-for-like(1)
basis, Revenue increased by 2%, with an encouraging first quarter in both the
United States and Ireland offsetting a softer start to the year in Great
Britain.

 

HIGHLIGHTS

 

Great Britain

Trading in the first quarter reflected a continuation of the trends seen in
the second half of last year.  Ready-mixed concrete volumes were sequentially
lower in what remains a subdued residential market; however volumes in other
products have been more encouraging and there are some signs of stabilisation
in non-residential end markets.

 

Ireland

Ireland has had an encouraging start to the year with volumes modestly ahead
of Q1 2025 and tendering in line with expectations for the year. The
acquisition of Booth completed towards the end of the quarter and integration
is in progress.

 

United States

Activity levels were significantly ahead of Q1 2025 as more stable weather
patterns in the Midwest allowed customers to complete preparatory works, which
meant our aggregates and ready-mixed concrete volumes returned towards normal
levels. Supply to key infrastructure projects has started, and we enter the
construction season with healthy backlogs.

 

OUTLOOK

 

Our layered commodity hedging programme provides some cost certainty to the
business at a time of elevated input cost volatility following the conflict in
the Middle East. We are adjusting our product pricing through a mix of
contractual escalators, surcharges and targeted price increases, as
appropriate.

 

We expect that residential demand will remain challenging for the remainder of
2026; however non-residential, which comprises the majority of our end-market
exposure, is expected to be more resilient.

 

Rob Wood, Chief Executive Officer, commented:

 

"While our first quarter is a relatively small contributor to the year
overall, Breedon has seen an encouraging performance in the year to date. We
have increased our revenue, with volume growth in a number of key product
categories, and have made good progress on our strategic objectives, including
our operational excellence initiatives.

 

"Despite elevated uncertainty and a less clear economic outlook, we remain
confident in our financial strength and ability to adapt as required to
changes in market conditions.

 

"In addition, we are pleased with the early engagement by the UK Government to
our 'Back British Cement' campaign to create a fair and competitive operating
environment for the domestic cement industry."

 

Notice of results:

 

Breedon will announce its interim results for the six months ending 30 June
2026 on Wednesday 29 July 2026.

 

 ENQUIRIES
 Breedon Group plc                            +44 (0) 1332 694010
 Rob Wood, Chief Executive Officer

 James Brotherton, Chief Financial Officer

 MHP (Public relations adviser)               +44 (0) 7595 461231
 Reg Hoare, Rachel Farrington, Charles Hirst  breedon@mhpgroup.com

 

 

Notes:

1.     Like-for-like reflects reported values stated on a constant
currency basis, adjusted for the impact of acquisitions and disposals.

 

 

 

About Breedon Group plc

Breedon Group plc, a leading vertically-integrated construction materials
group in Great Britain, Ireland and the United States, delivers essential
products to the construction sector. Breedon holds 1.5bn tonnes of mineral
reserves and resources with long reserve life, supplying value-added products
and services, including specialty materials, surfacing and highway maintenance
operations, to a broad range of customers through its extensive local network
of quarries, ready-mixed concrete and asphalt plants.

The Group's two well-invested cement plants are actively engaged in a number
of carbon reduction practices, which include utilising alternative raw
materials and lower carbon fuels. Breedon's 4,800 colleagues embody our
commitment to 'Make a Material Difference' as the Group continues to execute
its strategy to create sustainable value for all stakeholders, delivering
growth through organic improvement and acquisition in the heavyside
construction materials market. Breedon shares (BREE) are traded on the Main
Market of the London Stock Exchange and are a constituent of the FTSE 250
index.

LEI: 213800DQGNQE3X76WS92

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