Materials firm says revenue up 15% on pre-pandemic number
Materials firm Breedon has said it expects 2021 profit to be above the top end of analysts鈥� expectations.
In a trading update, the firm said that booming demand meant profit would eclipse the 拢131m previously predicted.
It added: 鈥淔ull year [profit] will now be stronger than we expected and, assuming no adverse weather events, will be slightly above the upper end of the range of market expectations.鈥�
It said revenue in the 10 months to October was up 31% to 拢1.045bn with like-for-like revenue up 15% on the figure recorded in 2019 鈥� before the covid-19 pandemic struck.
The firm is expected to release its 2021 results next March.
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