Leicester Tigers club partner Breedon Group announced this week its annual results 2017, with the construction material specialists recording £200 million growth in turnover as well as a £25 million rise in profits.
Figures showed turnover was up 43 per cent at £652.4 million and pre-tax profit was up 52 per cent to £71.2 million (from £46.8 million in 2016).
The year’s highlights included 16 million tonnes of aggregates sold compared with 11.4 million tonnes in 2016 and 3.3 million cubic metres of ready-mixed concrete sold.
Tigers chairman Peter Tom CBE is executive chairman of the Breedon Group and said: “2017 was one of the most productive years in our history. Our business is in great shape and we are well positioned to benefit from the medium-term growth in residential and infrastructure development, to which the majority of our material is supplied.
“We completed the integration of our largest-ever acquisition, concluded two bolt-on purchases and announced an important transaction with Tarmac that, subject to approval by the competition authorities, will see us streamline our ready-mixed concrete network in exchange for a substantial new reserve of minerals and a strategically valuable asphalt plant.
“This did not, however, distract us from our operational focus and we once again delivered a solid financial performance.
“We look to 2018 and beyond with confidence and optimism.”
