Breedon Group annual results 2016
Published: 13 March, 2017
Breedon Group has announced its audited annual results for the year ending 31 December 2016.
The results show strong trading performances across the Group, with improved sales and profits in former Breedon Aggregates business, boosted by the five-month contribution from the acquisition of Hope Construction Materials.
The acquisition of Sherburn Minerals Group was also completed, adding two cementitious import terminals, four quarries and five ready-mixed concrete plants to the Group portfolio.
Peter Tom CBE, executive chairman of Breedon, said: “2016 was arguably the most eventful year in the Group’s history. We completed our largest acquisition to date, invested a record amount in our business, began supplying our biggest ever contract and delivered an excellent financial performance – all against the background of an uncertain economic environment and challenging trading conditions in many of our markets.
“We will carry on doing what we do best: running our company as efficiently as possible, delivering healthy organic growth complemented by earnings-enhancing acquisitions, and thereby continuing to generate the excellent returns our shareholders expect of us. We look to the future with considerable optimism.”