Breedon Group (LSE:BREE) said revenue in the first quarter increased 5% compared with Q1 2025, with like‑for‑like growth of 2% as the US and Ireland outperformed while Great Britain started softer.
In Great Britain the group said ready‑mixed concrete volumes were sequentially lower amid a subdued residential market, although other product lines were more encouraging and there are signs of stabilisation in non‑residential end markets. Ireland had an encouraging start to the year with volumes modestly ahead of Q1 2025, tendering in line with expectations and integration of the Booth acquisition, which completed late in the quarter, is underway.
In the United States, activity levels were significantly ahead of Q1 2025 as more stable Midwest weather returned aggregates and ready‑mixed concrete volumes towards normal, supply to key infrastructure projects has started, and backlogs are healthy.
The group said its layered commodity hedging programme provides cost certainty amid elevated input cost volatility following the conflict in the Middle East, and it is adjusting product pricing via contractual escalators, surcharges and targeted increases.
Breedon said it expects residential demand to remain challenging for the remainder of 2026 while non‑residential markets, which make up the majority of its exposure, should be more resilient.
"Despite elevated uncertainty and a less clear economic outlook, we remain confident in our financial strength and ability to adapt as required to changes in market conditions," said Rob Wood, Chief Executive Officer.
