Turnover tops £1bn mark for first time

Materials firm Breedon said pent-up demand helped the firm turn in a record set of results last year.

Revenue was up one third to top the £1bn mark for the first time coming in at £1.2bn while pre-tax profit was up from £48m in 2020 to a record £114m – which itself was a 21% rise on the figure it posted in 2019.

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The firm’s profit topped the £100m mark last year

Chief executive Rob Wood said: “We navigated the second year of the pandemic successfully [and] supplied our customers with more materials than at any point in our history.”

The firm spent £6.1m on acquisitions last year, having shelled out £170m buying up close to 100 sites from Cemex the year before.