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Breedon Group (BREE) investor relations material

Breedon Group Trading Update summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Trading Update summary20 Nov, 2025

Financial performance and market conditions

  • Revenue increased 9% year-on-year for the first ten months, driven by acquisitions, but like-for-like revenue declined 3% due to subdued demand and project delays.

  • Underlying EBITDA for 2025 is expected in the range of £275–£280 million, with reduced leverage by year-end.

  • Profitable growth was delivered despite weak residential demand and infrastructure delays in GB and Ireland.

  • Company consensus for FY 2025 EBITDA is £286.9m, with a range of £278.9m to £292.0m.

Regional trends and outlook

  • GB market weakened, especially in ready-mixed concrete, now at its lowest in over 60 years; aggregates and asphalt remain resilient.

  • Irish business robust despite deferred infrastructure projects; National Development Plan signals increased investment.

  • US business saw a slow start due to weather and project deferrals into 2026; non-residential and infrastructure markets remain resilient, but residential recovery is delayed.

  • UK infrastructure and housebuilding commitments offer medium-term growth potential, despite current uncertainty.

Pricing and cost environment

  • Pricing challenging in GB but more resilient than expected; US pricing environment remains positive, while Ireland's tendering prices met expectations.

  • Cost environment expected to remain benign in 2026, with slightly lower energy costs and ongoing self-help initiatives delivering around $10 million in benefits.

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Frequently asked questions

Breedon Group plc, formerly known as Ennstone plc, is a UK-based company specializing in construction materials. The company operates an extensive network of quarries, asphalt plants, and concrete manufacturing facilities, supplying a wide range of products including aggregates, cement, ready-mixed concrete, asphalt, and specialty construction products. These materials cater to various construction needs, from infrastructure projects to residential construction. Breedon Group also offers contracting services, including road surfacing and maintenance. The company's operations span the UK and Ireland, with a significant presence in both markets. The company is headquartered in Breedon on the Hill, Derby, UK, and its shares are listed on the London Stock Exchange.

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