Breedon revenues grow in November

Breedon said positive trading had continued, with revenues in November coming in ahead of the prior year on a like-for-like basis.

This AIM-listed group added that the solid performance had also continued into December, in part benefiting from benign weather conditions.

As a result, Breedon now expects underlying earnings for the full year to be ahead of current market expectations at approximately £75.0m, while net debt was projected to be well below £400.0m at the year end.

While the medium-term outlook for Breedon's markets remained "positive", the group did caution that the ongoing Covid-19 pandemic and Brexit negotiations created "continued economic uncertainty", resulting in limited visibility on trading conditions going into next year.

As of 1045 GMT, Breedon shares were down 2.08% at 84.80p.