Breedon Aggregates (AIM:BREE) – cracking results go some way to supporting the high rating
The UK’s leading independent aggregates business has announces terrific annual results for the year ended 31 December 2014, going someway to supporting the mighty rating.
This business looks in great shape and well placed to surge ahead over the coming years as the UK ploughs more money into infrastructure spending
Revenue was up 20.1% to £269.7m, underlying EBITDA up 36.2% to £38.5m and underlying basic eps up 46.4% to 1.64p.
During the period the Group sold some hefty amounts of material:
7.7 million tonnes of aggregates (2013: 6.1 million tonnes)
1.5 million tonnes of asphalt (2013: 1.4 million tonnes)
0.8 million cubic metres of ready-mixed concrete (2013: 0.6 million cubic metres)
The Chairman commented how the economic outlook is the most favourable for their…
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