Breedon Group Full Year 2023 Earnings: In Line With Expectations

Breedon Group (LON:BREE) Full Year 2023 Results

Key Financial Results

• Revenue: UK£1.49b (up 6.5% from FY 2022).
• Net income: UK£105.5m (down 6.2% from FY 2022).
• Profit margin: 7.1% (down from 8.1% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: UK£0.31 (down from UK£0.33 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Breedon Group Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Basic Materials industry in the United Kingdom.

Performance of the British Basic Materials industry.

The company's shares are up 7.5% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Breedon Group that you need to take into consideration.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.