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    BREE   JE00B2419D89

BREEDON GROUP PLC

(BREE)
  Report
Delayed London Stock Exchange  -  11:35 2022-09-26 am EDT
54.20 GBX   -2.69%
09/22Breedon : Schedule of Matters Reserved to the Board
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08/30Breedon : extends commitment to sustainable rail infrastructure.
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08/25BREEDON GROUP PLC : Ex-dividend day for interim dividend
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Breedon : acquires Severn Sands Limited

08/02/2022 | 03:10am EDT

1 August 2022

Breedon acquires Severn Sands Limited

Extends aggregates capability in Great Britain

Breedon Group ("Breedon"), the leading vertically-integrated construction materials group in Great Britain and Ireland, is pleased to confirm its entry into the marine aggregates business in Great Britain with the acquisition of Severn Sands Limited ("Severn Sands").

The addition of Severn Sands, a family run marine dredging business operating in the Bristol Channel area, enhances our operational capability, secures scarce mineral reserves and resources, and ensures our downstream operations in the Gloucestershire and South Wales region are fully vertically- integrated. Generating annual revenue of c.£9m, Severn Sands possesses valuable long-term extraction licences in the Bristol channel and will be immediately accretive to earnings.

ENQUIRIES

Breedon Group plc

+44 (0) 1332 694010

Louise Turner-Smith, Head of Investor Relations

+44 (0) 7860 911909

Teneo (Public relations adviser)

+44 (0) 20 7420 3180

Nick de Bunsen

Elizabeth Mobed

About Breedon Group plc

Breedon Group plc, a leading vertically-integrated construction materials group in Great Britain and Ireland, delivers essential products to the construction sector. Breedon holds around 1bn tonnes of mineral reserves and resources with long reserve life, supplying value-added products and services, including specialty materials, surfacing and highway maintenance operations, to a broad range of customers through its extensive local network of quarries, ready-mixed concrete and asphalt plants.

The Group's two well-invested cement plants are actively engaged in a number of carbon reduction practices, which include utilising alternative raw materials and lower carbon fuels. Breedon's c.3,500 colleagues embody our commitment to 'Make a Material Difference' as the Group continues to execute its strategy to create sustainable value for all stakeholders, delivering growth through organic improvement and acquisition in the heavyside construction materials market.

Disclaimer

Breedon Group plc published this content on 02 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 August 2022 07:09:04 UTC.


© Publicnow 2022
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Financials
Sales 2022 1 366 M 1 478 M 1 478 M
Net income 2022 106 M 114 M 114 M
Net Debt 2022 177 M 191 M 191 M
P/E ratio 2022 8,42x
Yield 2022 3,94%
Capitalization 918 M 994 M 994 M
EV / Sales 2022 0,80x
EV / Sales 2023 0,73x
Nbr of Employees 3 500
Free-Float 89,8%
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Number of Analysts 11
Last Close Price 54,20 GBX
Average target price 89,44 GBX
Spread / Average Target 65,0%
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Managers and Directors
Robert Wood Chief Executive Officer & Executive Director
James Edward Brotherton Chief Financial Officer & Director
Amit Bhatia Non-Executive Chairman
Clive Graeme Watson Senior Independent Non-Executive Director
Wai Wing Hui Independent Non-Executive Director
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