Breedon delivers 'encouraging' performance as demand recovers

Breedon said improving trends seen throughout June and July had continued into August, with the group delivering revenues of £531.0m for the first eight months of the year.

The AIM-listed group also stated it had reviewed the latest management forecasts and was now in a position to reinstate guidance for 2020, highlighting that it now anticipates delivering second-half underlying earnings broadly in line with the second half of 2019.

Breedon's revised second-half expectations would deliver a result in excess of the average of current full-year market expectations of £57.0m.

"As a provider of an essential service, we have proved our ability to deliver a resilient performance despite unprecedented disruption, which gives us considerable confidence in the long-term outlook for our business," said Breedon.

As of 1000 BST, Breedon shares were up 4.04% at 76.99p.