Last checked at 17 Apr 2014 12:33
News release
17 April 2014
Breedon Aggregates Limited
("Breedon Aggregates" or the "Company")
AGM Statement
At 2.00pm today Peter Tom CBE, Chairman of Breedon Aggregates, will deliver the following statement at the Company's Annual General Meeting:
"Trading in the first quarter has been encouraging in both England and Scotland, helped by the generally mild weather which contrasted sharply with snow and freezing temperatures in the comparable period last year. This, together with the contribution from the assets acquired from Aggregate Industries (AI) and Marshalls last year, has resulted in a strong year-on-year performance.
"We continue to be very encouraged by the performance of these newly-acquired operations. I am particularly pleased that we have now reached agreement with the Competition Commission regarding the two disposals and associated undertaking they require in respect of the former AI business and we will be in a position to fully integrate the remainder of these operations into our Scottish business during the second quarter.
"We remain optimistic about the prospects for the construction industry and, although it is still early in the year, we remain confident of delivering a performance in line with expectations in 2014.
"We will give a further update on the Group's progress in our interim results announcement on 17 July 2014."
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Note to editors
Breedon Aggregates is the largest independent aggregates business in the UK after the four global majors. It operates 38 quarries, 22 asphalt plants, 51 ready-mixed concrete plants and two concrete block plants in England and Scotland and employs approximately 1,000 people. The group has strong asset backing, with around 400 million tonnes of mineral reserves and resources in the UK. Breedon Aggregates' strategy is to grow through consolidation of the UK heavyside building materials sector.
For further information:
Breedon Aggregates Limited
Simon Vivian, Group Chief Executive
Rob Wood, Group Finance Director
01332 694010
Stephen Jacobs, Head of Communications
07831 764592
Cenkos Securities (NOMAD and Joint Broker)
Max Hartley, 020 7397 8900
Peel Hunt (Joint Broker)
Justin Jones / Mike Bell, 020 7418 8900