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IN BRIEF: Breedon guides for higher earnings despite project delays

ALN

Breedon Group PLC - Derby, England-based construction materials, including cement, concrete and asphalt - Guides underlying earnings before interest, tax, depreciation and amortisation of between £275 million and £280 million in 2025. This would be up at least 1.9% from £269.9 million in 2024, which in turn was up 11% from 2023. Breedon says revenue in the 10 months that ended October 31 is up 9% a year before. Contributing to this is a 12% increase in the most recent four months, partly thanks to the contribution of acquisitions. Most important of these is the $238 million acquisition of Lionmark Construction Cos LLC in the US state of Missouri. On a like-for-like basis, revenue is down 3% in both the 10 months and the recent four. ‘Market challenges have persisted to date in 2025,’ Breedon says. ‘Subdued demand in GB and US residential markets have been compounded by key infrastructure project delays in GB and Ireland.’

Current stock price: 315.00 pence

12-month change: down 28%

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