Breedon Group (BREE): Market recovery timing

This situation live

£1,136m · 331.6p · +5% since the first step

11 Mar 2026 · Signs of stabilising UK markets; recovery awaited · −9% until the next step Although there are signs that markets are stabilising, the backdrop remains dynamic

29 Jul 2026 · US and Ireland growing; GB still declining · +5% since market indicators suggest demand will decline for a fifth consecutive year.

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Market recovery timing

US and Ireland growing; GB still declining

Next: Second-half trading; GB demand expected to decline a fifth year

Every step · 4

20 Nov 2025 Guidance below consensus; recovery timing uncertain – While there is still uncertainty about the timing of a market recovery, particularly in the UK, we have an excellent team, three leading platforms and a... ↗
11 Mar 2026 Signs of stabilising UK markets; recovery awaited – Although there are signs that markets are stabilising, the backdrop remains dynamic ↗
29 Apr 2026 Q1 LFL +2%; GB residential still weak – Breedon will announce its interim results for the six months ending 30 June 2026 on Wednesday 29 July 2026. ↗
29 Jul 2026 US and Ireland growing; GB still declining – market indicators suggest demand will decline for a fifth consecutive year. ↗

What is happening

Breedon Group: Market recovery timing – US and Ireland growing; GB still declining. ['US and Ireland growing; GB still declining']

In short: Since the November 2025 guidance, Breedon's underlying sales shrank in 2025 and Q1 2026 LFL revenue returned to +2%. H1 2026 LFL revenue is +3% and Underlying EBITDA flat. US (+14% LFL EBITDA) and Ireland offset GB, where demand is expected to fall a fifth year. Guidance is maintained.
Announced: 20 Nov 2025 · Guidance below consensus; recovery timing uncertain
Latest: 29 Jul 2026 · US and Ireland growing; GB still declining
H1 LFL revenue: +3% (reported +5%) to £857.9m
GB outlook: Demand expected to decline for a fifth consecutive year in 2026
Group EBITDA: £115.5m, flat (LFL +1%)
Guidance: In line with FY26 consensus £280m (range £273m-£285m)
Ireland outlook: Strong second half with revenue and earnings growth expected

Second-half trading; GB demand expected to decline a fifth year.

Briefing Pro

What it does, how it got here, what management promised and delivered – written from its own announcements.

From the company's own announcements. Not investment advice.

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