(Alliance News) - Breedon Group PLC on Wednesday said trading in the first quarter of 2023 has been positive, with "encouraging" levels of enquires.
The Derby, England-based construction materials firm said its "dynamic pricing strategy" has allowed it to recover costs and offset expected volume softness, with revenue during the first quarter 10% ahead of the same period last year.
Breedon added that this is in line with its expectations.
Chief Executive Officer Rob Wood said: "Our vertically-integrated, local operating model enables us to respond nimbly to market conditions and, whilst the economic backdrop remains uncertain, we are encouraged by our trading performance to date. As such, we expect to deliver results in line with the board's current expectations."
Breedon will announce its interim results for the first half of the year on July 26.
Shares in Breedon were flat at 68.20 pence each in London on Wednesday morning.
By Sophie Rose, Alliance News reporter
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Breedon (BREE)