Business
Interim results 2024
Interim results 2024.
About this update from Breedon Group Plc
[{"type":"text","content":"\n\n24 July 2024 \nBREEDON GROUP PLC\nInterim results 2024\n \nStrategic progress delivers a resilient performance\nBMC trading ahead of plan; integration progressing well\nManagement expectations for the full year unchanged\n \nBreedon Group plc (Breedon or the Group), a leading vertically-integrated construction materials group in Great Britain, Ireland and the United States, announces unaudited results for the six months ended 30 June 2024.\n\n\n\n\n\n\n\n\nStatutory highlights\n\n\n \n\n\nUnderlying1 highlights\n\n\n \n\n\n\n\n£m\nexcept where stated\n\n\nH1 2024\n\n\nH1 2023\n\n\n% change\n\n\n \n\n\nH1 2024\n\n\nH1 2023\n\n\n% change\n\n\n% LFL2\n\n\n \n\n\n\n\nRevenue\n\n\n764.6\n\n\n742.7\n\n\n3%\n\n\n \n\n\n764.6\n\n\n742.7\n\n\n3%\n\n\n(6)%\n\n\n \n\n\n\n\nEBITDA3\n\n\n103.4\n\n\n103.9\n\n\n-\n\n\n \n\n\n118.1\n\n\n112.3\n\n\n5%\n\n\n(5)%\n\n\n \n\n\n\n\nEBITDA3 margin\n\n\n13.5%\n\n\n14.0%\n\n\n(50)bps\n\n\n \n\n\n15.4%\n\n\n15.1%\n\n\n30bps\n\n\n\n\n\n \n\n\n\n\nEBIT4\n\n\n56.9\n\n\n62.1\n\n\n(8)%\n\n\n \n\n\n71.6\n\n\n70.5\n\n\n2%\n\n\n(9)%\n\n\n \n\n\n\n\nEBIT4 margin\n\n\n7.4%\n\n\n8.4%\n\n\n(100)bps\n\n\n \n\n\n9.4%\n\n\n9.5%\n\n\n(10)bps\n\n\n\n\n\n \n\n\n\n\nProfit Before Tax\n\n\n46.5\n\n\n56.5\n\n\n(18)%\n\n\n \n\n\n61.2\n\n\n64.9\n\n\n(6)%\n\n\n\n\n\n \n\n\n\n\nBasic EPS5 \n\n\n10.0p\n\n\n13.0p\n\n\n(23)%\n\n\n \n\n\n13.9p\n\n\n15.3p\n\n\n(9)%\n\n\n\n\n\n \n\n\n\n\nDividend per share\n\n\n \n\n\n\n\n\n\n\n\n \n\n\n4.5p\n\n\n4.0p\n\n\n13%\n\n\n\n\n\n \n\n\n\n\nNet Debt6\n\n\n \n\n\n\n\n\n\n\n\n \n\n\n472.3\n\n\n220.4\n\n\n114%\n\n\n\n\n\n\n\nCovenant Leverage7\n\n\n \n\n\n\n\n\n\n\n\n \n\n\n1.6x\n\n\n0.7x\n\n\n0.9x\n\n\n\n\n\n\n\nROIC8\n\n\n \n\n\n\n\n\n\n\n\n \n\n\n8.8%\n\n\n10.0%\n...