IN BRIEF: Breedon shares fall as volumes in Ireland below a year ago
Breedon Group PLC - Leicestershire, England-based construction materials company - At the day of its annual general meeting, says enquiry levels in Great Britain remained elevated across all key groups during the first quarter of 2025, with volumes slightly ahead of a year ago. The firm adds that Ireland had a busy tendering season despite delays in some key infrastructure projects, leading to volumes in the quarter being slightly behind the first quarter of 2024. Further, volumes in the US were impacted by challenging weather conditions, but Breedon highlights a healthy backlog. Chief Executive Officer Rob Wood says: ‘The very nature of our business, supplying local products to local businesses, provides some insulation in the current economic climate. While the board’s expectations for 2025 remain unchanged we have enhanced our focus on self-help, driving operational and commercial excellence, further unlocking efficiencies and optimising capacity. While visibility is reduced, we remain optimally positioned to benefit when construction market activity improves.’
Current stock price: 424.02 pence each, down 5.5% on Tuesday afternoon in London
12-month change: up 15%
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