Builders Merchants Journal – BMJ Publishing to Builders Merchants and the UK merchanting industry for more than 95 years
Breedon Aggregates, the independent aggregates business, saw underlying operating profits rise in the six months to June 30 2012.
Sales fell slightly by 2% to £83m, while the increase in operating profits to £3.9m was accompanied by a rise in EBITDA of 16% to £9.7m. This reflects continued downward pressure on costs, higher selling prices and careful selection of work
Improving margins were helped by new business gains and strong performances from the acquisitions C&G Concrete and Nottingham Readymix.
In July the group made its first acquisition in Scotland with the purchase of a sand & gravel quarry near Elgin
The group says that it expects to maintain and build on the progress made in the first half.
1stMix, the new ‘small load’ ready-mixed concrete business set up in April, is now fully operational with a small fleet of trucks serving five local markets in the West and East Midlands. The group says it is performing 2in line with expectations”
