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Sparks commentary

Industrials

Sparks

Breedon Group (LSE: BREE) – Q1 revenue driven by acquisitions
Published by Andy Murphy

Breedon Group’s Q125 revenue increased by 9% y-o-y, driven by the acquisitions of BMC Enterprises and Lionmark, with underlying trading impacted by poor weather (mainly in the US). Excluding the M&A impact, revenue was up slightly with an improvement in volumes offset by ‘broadly stable’ pricing. The full year outlook remains unchanged and demand levels are robust, but Breedon is increasing its focus on self-help measures to improve the operations. Interim results are due to be released on 23 July.

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