Trading Statement

RNS Number : 6442X

Breedon Aggregates Ld

12 February 2013

 



12 February 2013

Breedon Aggregates Limited ("Breedon" or the "Company")

Trading Statement

Breedon Aggregates Limited is pleased to announce the following trading update ahead of its preliminary results announcement due on 5 March 2013.

The Company performed well over the 12-month period ended 31 December 2012, with revenue broadly in line with market expectations.  The EBITDA margin has continued to improve since the trading update in November 2012, which together with lower depreciation, depletion and amortisation and an improved contribution from our Associates, means underlying profit before tax is set to significantly exceed expectations.   

For further information, please contact:

Breedon Aggregates Limited

Simon Vivian, Group Chief Executive

Ian Peters, Group Finance Director

01332 694010

Stephen Jacobs, Head of Communications

07831 764592

Cenkos Securities plc

Max Hartley / Nicholas Wells

020 7397 8900

More about Breedon Aggregates

Breedon Aggregates Limited is the largest independent aggregates group in the UK after the five global majors. It operates 27 quarries, 18 asphalt plants and 40 concrete plants in England and Scotland and employs approximately 800 people.

The group has strong asset backing, with almost 200 million tonnes of mineral reserves and resources in the UK, providing an estimated life of approximately 47 years at current output levels.

Breedon Aggregates' strategy is to grow through consolidation of the UK heavyside building materials sector.

www.breedonaggregates.com

 

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