Upcoming Dividend • Mar 30
Upcoming dividend of UK£0.014 per share at 2.8% yield Eligible shareholders must have bought the stock before 06 April 2023. Payment date: 05 May 2023. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.6%). Reported Earnings • Mar 09
Full year 2022 earnings released: EPS: UK£0.067 (vs UK£0.046 in FY 2021) Full year 2022 results: EPS: UK£0.067 (up from UK£0.046 in FY 2021). Revenue: UK£1.40b (up 13% from FY 2021). Net income: UK£112.5m (up 43% from FY 2021). Profit margin: 8.1% (up from 6.4% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Tillkännagivande • Feb 08
Breedon Group plc to Report Fiscal Year 2022 Results on Mar 08, 2023 Breedon Group plc announced that they will report fiscal year 2022 results at 7:00 AM, Coordinated Universal Time on Mar 08, 2023 Tillkännagivande • Nov 25
Breedon Group plc Provides Earnings Guidance for the Year 2022 Breedon Group plc provided earnings guidance for the year 2022. The Group is on track to deliver record earnings in 2022. Board Change • Oct 31
High number of new directors Independent Non-Executive Director Pauline Lafferty was the last director to join the board, commencing their role in 2021. Reported Earnings • Jul 28
First half 2022 earnings released: EPS: UK£0.029 (vs UK£0.014 in 1H 2021) First half 2022 results: EPS: UK£0.029 (up from UK£0.014 in 1H 2021). Revenue: UK£671.1m (up 12% from 1H 2021). Net income: UK£49.2m (up 107% from 1H 2021). Profit margin: 7.3% (up from 4.0% in 1H 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 5.4%, compared to a 7.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Jul 28
Breedon Group plc Announces Interim Dividend, Payable on 30 September 2022 Breedon Group plc announced an interim dividend of 0.70p per share (H1 2021: 0.50p per share). This will be paid on 30 September 2022 to all shareholders on the register at 26 August 2022 (ex-dividend date 25 August 2022). Board Change • Apr 29
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Pauline Lafferty was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 14
Upcoming dividend of UK£0.011 per share Eligible shareholders must have bought the stock before 21 April 2022. Payment date: 20 May 2022. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (3.9%). Lower than average of industry peers (4.2%). Tillkännagivande • Mar 23
Breedon Group plc, Annual General Meeting, Apr 28, 2022 Breedon Group plc, Annual General Meeting, Apr 28, 2022, at 13:00 Coordinated Universal Time. Location: Park Plaza Westminster Bridge London 200 Westminster Bridge Road, Lambeth, London London United Kingdom Agenda: To consider 1.1 pence per ordinary share of no par value will be paid as a final dividend. Tillkännagivande • Mar 10
Breedon Group plc Intend to Pay Dividend for the year 2021, Payable on 20 May 2022 Breedon Group plc intend to pay a dividend of 1.6 pence per share in respect of the 2021 financial year, equating to a total cash return to shareholders of approximately £27 million. This equates to a payout ratio of 27% of Adjusted Underlying EPS. An interim dividend of 0.5 pence was paid on 10 September 2021 and, subject to shareholder approval, the remaining 1.1 pence will be paid as a final dividend on 20 May 2022. Reported Earnings • Mar 10
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: UK£0.046 (up from UK£0.02 in FY 2020). Revenue: UK£1.23b (up 33% from FY 2020). Net income: UK£78.5m (up 134% from FY 2020). Profit margin: 6.4% (up from 3.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Over the next year, revenue is forecast to grow 4.9%, compared to a 7.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Tillkännagivande • Feb 12
Breedon Group plc to Report Fiscal Year 2021 Results on Mar 09, 2022 Breedon Group plc announced that they will report fiscal year 2021 results at 7:00 AM, Coordinated Universal Time on Mar 09, 2022 Executive Departure • Aug 04
Independent Non-Executive Director Mansura Mannings has left the company On the 31st of July, Mansura Mannings' tenure as Independent Non-Executive Director ended after 1.7 years in the role. We don't have any record of a personal shareholding under Mansura's name. Mansura is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.00 years. Reported Earnings • Jul 24
First half 2021 earnings released: EPS UK£0.014 (vs UK£0.008 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: UK£600.9m (up 79% from 1H 2020). Net income: UK£23.8m (up UK£37.6m from 1H 2020). Profit margin: 4.0% (up from net loss in 1H 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Tillkännagivande • Jul 23
Breedon Group plc Provides Earnings Guidance for the Full Year of 2021 Breedon Group plc provided earnings guidance for the full year of 2021. For the period, the company expects the Underlying EBIT for the full year 2021 was £109 million to £128 million with an average of £117 million. Tillkännagivande • Jun 02
Breedon Group plc (AIM:BREE) acquired Micromix (Northern) Ltd. Breedon Group plc (AIM:BREE) acquired Micromix (Northern) Ltd on June 1, 2021. Ben Stoop and Oliver Hardy of Numis Securities acted as nominated advisors to Breedon Group.
Breedon Group plc (AIM:BREE) completed the acquisition of Micromix (Northern) Ltd on June 1, 2021. Reported Earnings • Mar 11
Full year 2020 earnings released: EPS UK£0.02 (vs UK£0.046 in FY 2019) The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: UK£928.7m (flat on FY 2019). Net income: UK£33.6m (down 57% from FY 2019). Profit margin: 3.6% (down from 8.4% in FY 2019). Analyst Estimate Surprise Post Earnings • Mar 11
Revenue beats expectations Revenue exceeded analyst estimates by 2.8%. Over the next year, revenue is forecast to grow 16%, compared to a 6.1% growth forecast for the Basic Materials industry in Germany. Tillkännagivande • Mar 10
Breedon Group plc Announces Executive Changes Breedon Group plc announced that James Edward Brotherton, who joined company as Chief Financial Officer designate on 1 January 2021, will succeed Rob Wood as Chief Financial Officer and will join the Board on 1 April 2021. James Edward Brotherton current Directorship is with The Quoted Companies Alliance. Is New 90 Day High Low • Feb 19
New 90-day high: €1.00 The company is up 8.0% from its price of €0.92 on 20 November 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Basic Materials industry, which is also up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.44 per share. Recent Insider Transactions • Jan 26
Insider recently bought €73k worth of stock On the 22nd of January, James Brotherton bought around 75k shares on-market at roughly €0.97 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €130k more in shares than they bought in the last 12 months. Is New 90 Day High Low • Dec 24
New 90-day high: €0.96 The company is up 20% from its price of €0.80 on 25 September 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.35 per share. Is New 90 Day High Low • Dec 04
New 90-day high: €0.95 The company is up 7.0% from its price of €0.89 on 04 September 2020. The German market is up 4.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Basic Materials industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.01 per share. Tillkännagivande • Nov 25
Breedon Group plc Announces Management Change Breedon Group plc announced that James Brotherton will join the executive management team as Chief Financial Officer ("CFO") designate on 1 January 2021. James was CFO of Tyman Plc ("Tyman") between 2010 and 2019, prior to which he was Director of Corporate Development for five years. As announced on 6 October, Rob Wood, Breedon's current Group Finance Director, will succeed Pat Ward as Chief Executive upon Pat's retirement during 2021. It is anticipated that James will be appointed to the Board as CFO at that point, ensuring an orderly transition. Is New 90 Day High Low • Nov 17
New 90-day high: €0.91 The company is up 1.0% from its price of €0.90 on 19 August 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.98 per share. Tillkännagivande • Nov 10
Tillicoultry Quarries Limited agreed to acquire certain assets of Breedon Group plc for £12.2 million. Tillicoultry Quarries Limited agreed to acquire certain assets of Breedon Group plc for £12.2 million on November 9, 2020. The transaction was carried out on a cash and debt free basis. The 14 sites to be divested include 10 ready-mixed concrete plants and an asphalt plant and associated aggregates depot in England, and two quarries and a cement terminal in Scotland. Breedon Group plc is divesting these assets at the direction of the Competition and Markets Authority ("CMA") in order to address it's concerns that Breedon Group plc’s purchase of certain assets from Cemex Investments Limited ("CEMEX UK") gives rise to a realistic prospect of a substantial lessening of competition in certain areas. Completion of the disposal is subject to final confirmation by Competition and Markets Authority, following a public consultation inviting interested parties to submit their views, that it will accept the undertakings offered by Breedon Group Plc in lieu of a Phase 2 reference and the approval of Tillicoultry Quarries Limited as a purchaser for the assets. The Competition and Markets Authority intends shortly to launch the public consultation. Breedon Group Plc expects to be in a position to complete the disposal before the year end. The earnings of the assets being disposed of are not material to the Breedon Group Plc. Max Hartley and Harry Hargreaves of Cenkos Securities plc (AIM:CNKS) acted as nominated advisors to Breedon Group plc. Is New 90 Day High Low • Oct 29
New 90-day low: €0.75 The company is down 13% from its price of €0.86 on 30 July 2020. The German market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.04 per share. Is New 90 Day High Low • Oct 01
New 90-day low: €0.77 The company is down 9.0% from its price of €0.84 on 03 July 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.01 per share. 