Peter Tom, chairman of Breedon Group PLC (LON:BREE), was set to tell shareholders today trading this year has been in line with expectations.
In a statement released ahead of the construction materials group’s annual general meeting on Tuesday, Tom said the outlook for Breedon’s industry remains positive.
“The Construction Products Association is forecasting a 5% increase in construction output between 2017 and 2019, with the strongest growth expected to be in infrastructure and housing, which together have historically accounted for approximately two-thirds of our end-use markets,” Tom’s speech says.
Against this backdrop, Breedon remains confident of delivering a performance in line with market expectations for 2017.