1H 2023: Breedon Group profits drop 18% to £46.5m, revenue up 3% to £764.6m, facing UK market challenges.
Breedon Group's profits dropped 18% to £46.5m in the first half of 2023, while revenue increased by 3% to £764.6m. The decline in profits is attributed to challenging market conditions in the UK partly due to wet weather, but the company is encouraged by the new government's commitment to housebuilding. CEO Rob Wood praised the team's resilience, accomplishments, and strategic growth objectives, including entering the US market.
July 24, 2024
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