The Breedon Group saw its share price climb 1.65% to 80.8% in early morning Wednesday trading after the company reported stronger revenue and profit on higher sales volumes.
The company reported a statutory revenue of £1.2 billion against £928.7 million in 2020.
The Group also reported a statutory EBIT of £127.4 compared to £61.6 million in 2020, alongside a pre-tax profit of £114.3 million against £48.1 million in 2020.
The Breedon Group announced a 1.6p dividend per share, after paying no dividend in 2020.
The company mentioned record volumes, revenue and earnings, alongside a strong rebound in like-for-like volumes and revenue.
The Breedon Group also confirmed its Cemex acquisition had been fully integrated and was on track to hit its synergy targets.
The company added that its growth was predicted to be in the single-digit margins for 2022.
The Group reportedly expects to fully recover input and cost increases, despite strong market volatility.
“2021 was a record year for Breedon, said Breedom Group CEO Rob Wood.
“We navigated the second year of the pandemic successfully, supplied our customers with more materials than at any point in our history and fully integrated the Cemex assets.”
“This excellent outcome was achieved at a time of constant change and the response from our colleagues, adjusting to the pandemic and the volatile economic backdrop, has been outstanding.”
“Our experienced leadership team and committed workforce operate a well-invested portfolio of assets with significant opportunities for sustainable growth.”
“The building blocks are in place for our next chapter of growth.”