Breedon Group Plc (AIM:BREE) said it remains on course for record earnings this year with raw material price rises being passed through to its customers.
“Trading conditions during the second half remained supportive, enabling the group to fully recover rising input costs through robust pricing and disciplined cost management,” the contractor and aggregates supplier said in a statement.
Revenues were up 16% in the four months to the end of October and over 10 months in 2022 to date are 14% higher at £1.19bn.
Volumes have eased from the record levels seen post-Covid, but are ahead of 2019 on a like-for-like basis, it added.
Rob Wood, chief executive, noted: “While construction output has softened in the second half, the majority of our end-markets remain resilient, with infrastructure and industrial markets continuing to deliver growth.”
Shares rose 2.5% to 58.6p.