Breedon Aggregates confirms sales revenue growth
Published: 07 March, 2014
Breedon Aggregates, the independent aggregates business, has announced its audited annual results for the year ended 31 December, 2013.
The company has revealed underlying pre-tax profit was up 121.4% to £12.4m, while revenue was also up 29.5% to £224.5m.
In 2013 Breedon Aggregates sold 6.1m tonnes of aggregates (2012: 4.3m tonnes), 1.4m tonnes of asphalt (2012: 1.2m tonnes), and 620,000 m3 of ready-mixed concrete (2012: 490,000 m3).
Peter Tom CBE, executive chairman, said: “It is pleasing after several very difficult years to report that our markets at last showed encouraging signs of life in 2013 as the long-awaited economic recovery began to take hold. This helped us to produce a very encouraging financial performance and to make significant progress in developing the business and positioning ourselves to deliver further value for our shareholders in the years ahead.
“We are proud to be the only publicly-quoted British aggregates business in the UK. We have established ourselves in a relatively short period of time as a successful player in a highly competitive market, achieving scale and profitability with a strong balance sheet, while delivering sound value for our shareholders.”
Mr Tom added: “Looking ahead, we intend to do more of the same. The year has begun well and the outlook is more encouraging than for some time. We plan to take full advantage of the opportunities ahead and remain confident of making further progress in 2014.”