DOCSLIB.ORG

Solid Progress Breedon Group Interim Report 2018 01

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Solid Progress Breedon Group Interim Report 2018 01 BREEDON GROUP Interim Report 2018 SOLID PROGRESS BREEDON GROUP INTERIM REPORT 2018 01 WWW.BREEDONGROUP.COM FINANCIAL HIGHLIGHTS * Underlying results are stated before Revenue Underlying EBIT* acquisition-related expenses, redundancy and reorganisation costs, property items, amortisation of acquisition intangibles and related tax items. References to an underlying profit measure throughout £378.4m £42.0m this Interim Report are defined on 30 JUNE 2017: £326.3m 30 JUNE 2017: £35.8m this basis. +16% +17% Underlying profit before taxation* Profit before taxation £37.4m £30.4m 30 JUNE 2017: 32.5m 30 JUNE 2017: £31.2m +15% -3% Underlying basic earnings per share* Net debt 1.96p £383.6m 30 JUNE 2017: 1.84p 30 JUNE 2017: £146.8m +7% • 9.3 million tonnes of aggregates • 1.6 million cubic metres of ready- sold (30 June 2017: 7.9 million mixed concrete sold (30 June tonnes) 2017: 1.7 million cubic metres) • 1.2 million tonnes of asphalt sold (30 June 2017: 0.9 million tonnes) OPERATIONAL HIGHLIGHTS • Resilient performance in • Further progress on safety: LTIFR challenging market: underlying reduced from 1.41 to 0.94 EBIT margin maintained at 11.1% • Completion of Tarmac asset swap • Continued strong cash generation on 1 July, rebalancing aggregates/ and organic investment readymix portfolio • Acquisition of Lagan Group, a • Positive outlook in Ireland key strategic step outside GB; offsetting continued short-term integration progressing well challenges of GB market • Two bolt-on acquisitions • Remain confident of meeting completed in England 2018 market expectations and Scotland Cover photo: Stuart Hopley, Area Operations Manager, Leaton BREEDON GROUP INTERIM REPORT 2018 WWW.BREEDONGROUP.COM 02 Financial Highlights 01 INTRODUCTION Operational Highlights 01 Introduction 02 Breedon Group Overview 03 Business Review 05 Condensed Consolidated Income Statement 09 We are a leading construction Condensed Consolidated Statement of Comprehensive Income 10 materials group in the UK and Condensed Consolidated Ireland. Our operations are Statement of Financial Position 11 Condensed Consolidated fully integrated, supplying Statement of Changes in Equity 12 Condensed Consolidated cement, aggregates, asphalt, Statement of Cash Flows 13 Notes to the Condensed Consolidated ready-mixed concrete and Interim Financial Statements 14 mortar, concrete and clay Advisers and Company Information 20 products and slate. We also provide contract surfacing and highway maintenance services. The group employs nearly 3,000 people and has nearly 900 million tonnes of mineral reserves and resources. Our strategy is to continue growing through organic improvement and acquisition of businesses in the heavyside construction materials market. For more information visit Minffordd asphalt plant near Porthmadog, acquired as part of our asset swap www.breedongroup.com with Tarmac. BREEDON GROUP INTERIM REPORT 2018 03 WWW.BREEDONGROUP.COM BREEDON GROUP OVERVIEW Breedon is a business of significant scale, with operations extending from Stornoway in the north of Scotland to Dartford in Kent and throughout Northern Ireland and the Republic of Ireland. 1 1 3 1 4 3 3 2 2 2 Quarries Asphalt plants Ready-mixed concrete and mortar plants 1 Breedon Northern 43 1 Breedon Northern 16 1 Breedon Northern 56 2 Breedon Southern 25 2 Breedon Southern 10 2 Breedon Southern 101 3 Breedon Cement 5 3 Lagan Group 11 3 Lagan Group 9 4 Lagan Group 11 1 1 1 4 3 2 2 3 3 2 Concrete and clay Contract surfacing & Colleagues (approx.)* products plants highway maintenance operations 1 Breedon Northern 3 1 Breedon Northern 1 1 Breedon Northern 900 2 Breedon Southern 1 2 Breedon Southern 1 2 Breedon Southern 1000 3 Lagan Group 5 3 Lagan Group 2 3 Breedon Cement 240 4 Lagan Group 750 * Excludes central administration All figures correct as at 30 June 2018. BREEDON GROUP INTERIM REPORT 2018 WWW.BREEDONGROUP.COM 04 2 84 37 166 4 6 cement active quarries asphalt plants ready-mixed contract import/export manufacturing concrete and surfacing terminals plants mortar plants businesses 11 7 2 7 1 1 landfill & rail-fed depots slate production concrete clay brick plant tipping sites facilities products plants products plant 1 4 HEBRIDES HIGHLANDS Peterhead Inverness 2 Aviemore 3 Aberdeen NORTH-EAST SCOTLAND FIFE & Dundee TAYSIDE Oban Stirling Edinburgh Revenue by division † Glasgow ARGYLL, CENTRAL BELT, SOUTH SCOTLAND & CUMBRIA £m Londonderry Dumfries Carlisle Newcastle 1 Breedon Northern 103.3 Donegal Belfast NORTH-EAST ENGLAND Hartlepool NORTHERN Keswick 2 Breedon Southern 186.0 IRELAND Enniskillen Kendal Armagh Northallerton Scarborough 3 Breedon Cement 68.9 Ingleton Dundalk Morecambe NORTH Bridlington ENGLAND York 4 Lagan Group 54.6 Harrogate Hull Blackburn Leeds † Excludes eliminations Galway Dublin Manchester REPUBLIC OF IRELAND Lincoln 1 Chester Wrexham Derby WEST ENGLAND Nottingham Limerick AND NORTH WALES EAST 4 ENGLAND Shrewsbury Leicester Norwich Waterford Birmingham Aberystwyth CENTRAL ENGLAND Cork Ipswich 2 Worcester Northampton Cambridge Swansea Gloucester Oxford SOUTH Car ENGLAND London 3 Bristol BREEDON NORTHERN Southampton BREEDON SOUTHERN Underlying EBIT NORTHERN IRELAND by division ‡ REPUBLIC OF IRELAND £m 1 Breedon Northern 9.9 BREEDON CEMENT 2 Breedon Southern 19.4 3 Breedon Cement 10.0 4 Lagan Group 7.6 ‡ Excludes central administration and share of profit of associate and joint ventures Information correct as at 1 July 2018 (post Tarmac asset swap) BREEDON GROUP INTERIM REPORT 2018 05 WWW.BREEDONGROUP.COM BUSINESS REVIEW GROUP RESULTS reedon Group, a leading construction materials group in the UK and Ireland, today announces its unaudited results for the six months to B30 June 2018. This was one of the busiest periods in the Group’s history, with four acquisitions completed by 1 July including our first outside Great Britain (“GB”), coupled with continued organic investment Peter Tom CBE Pat Ward in a number of key projects. We had Executive Chairman Group Chief Executive anticipated a challenging 2018 and so it proved in the first half, with testing trading conditions exacerbated by the FINANCIAL HIGHLIGHTS severe weather in the first quarter and Six months Six months rising input costs throughout the period. ended ended 30 June 30 June Despite these headwinds, we delivered a 2018 2017 resilient performance. £m £m Variance Revenue Our aggregates and asphalt volumes were both ahead, by 17 per cent Breedon Northern 103.3 97.9 +6% (excluding acquisitions, 7 per cent) and Breedon Southern 186.0 190.6 -2% 28 per cent (excluding acquisitions, 2 per Breedon Cement 68.9 71.5 -4% cent) respectively. This contrasts with GB market volume declines of 1.3 per cent Lagan Group 54.6 – – and 1.7 per cent respectively, according Eliminations (34.4) (33.7) +2% to the Mineral Products Association. Total 378.4 326.3 +16% The ready-mixed concrete market was Underlying EBIT particularly difficult and our volumes softened by 7 per cent (excluding Breedon Northern 9.9 10.7 -7% acquisitions, 10 per cent) compared Breedon Southern 19.4 22.7 -15% with a market decline of 6 per cent. Breedon Cement 10.0 9.3 +8% In accordance with the Cement Market Data Order 2016, cement volumes are Lagan Group 7.6 – – not disclosed. Central administration (5.8) (8.1) -28% Share of associate and Group revenue for the half-year was joint ventures 0.9 1.2 -25% £378.4 million (2017: £326.3 million) and underlying earnings before interest and Total 42.0 35.8 +17% tax (“EBIT”) increased by 17 per cent Underlying EBIT margin 11.1% 11.0% to £42.0 million (2017: £35.8 million). Excluding acquisitions, both are marginally down against the prior year. The underlying EBIT margin, our principal performance measure, was maintained at 11.1% in spite of steadily increasing input costs. As in the prior year, the half- year margin is impacted by the phasing of planned cement kiln shutdowns. Whilst the acquisition of Lagan Group (Holdings) Limited (“Lagan Group”) will as expected have a dilutive effect in the short term, we continue to target a 15 per cent underlying EBIT margin for the Group. BREEDON GROUP INTERIM REPORT 2018 WWW.BREEDONGROUP.COM 06 Notwithstanding the seasonality of the quarry in Derbyshire. These investments business, the Group continued to be (coupled with the recent acquisition strongly cash-generative. from Tarmac of a plant at Minffordd near Porthmadog in Wales) have added OPERATING PERFORMANCE further to our GB asphalt capacity. Breedon Northern’s results reflected the subdued markets in which it was ACQUISITION OF LAGAN GROUP We sustained operating. Nevertheless, we supplied On 20 April we completed the several new and existing projects, £455 million acquisition of Lagan Group, investment in including the final phase of the Aberdeen funded by a combination of debt and operational Western Peripheral Route, the new an equity placing. We were particularly £2.2 billion Woodsmith potash mine in pleased that the £170 million equity efficiency Yorkshire and the £50 million expansion placing was significantly oversubscribed, of Peterhead Harbour. We opened a as was the accompanying €5 million improvements strategically valuable new hard rock open offer, which we believe quarry at North Drumboy near Glasgow demonstrated our investors’ confidence and capacity and the sand & gravel quarry we opened in the potential of this important strategic late last year at Low Harperley near step for the Group. expansion” Durham came into full production, Lagan Group gives us immediate scale in enabling us to internalise the supply of a new and growing market outside GB, more material to our concrete plants in with a new modern cement plant and the region. complementary downstream businesses Breedon Southern also traded in weaker with strong development potential. markets, with volumes under pressure, The attractions of the acquisition particularly in ready-mixed concrete. were underlined by Lagan Group’s The picture, as always, varied across performance in the first 10 weeks under our regions, with busier markets in our ownership, which exceeded our the Midlands contrasting with muted expectations, as it benefited from more demand in London and the South-East.
Load more

Recommended publications
  • Global Cement Magazine: Dearnovember Readers2013
    News North America Cementos Argos Roberta report PCA Interviews Fans CO2 capture Hope plant visit Logistics www.globalcement .com May 2018 May gl bal TM Contents Subscribe Ad Index .com cement MAY 2018 MAGAZINE cement global Plant Protection Concept www. Cloud-Based Maintenance Online Condition Monitoring D-MPC Support Machine Protection Concept Logistics Logistics Solutions for predictive and proactive maintenance Condition Optimization Monitoring of Crushers Training and Mills Hope plant visit Hope plant Performance Fans Fans Load and Vibration Optimization Measurements DALOG Process Monitoring System Process Signals D-PMS PCA Interviews Increase Operating Time Avoid Stoppages Optimize Process Proactive Reduce Maintenance Cost Failure Prevention Cementos Argos Roberta Argos plant Cementos Service DALOG Torque Monitoring System Boost the Expected Life Torque D-TMS of your Equipment North America News News Independent and objective Predictive Online Condition Monitoring for Cement Plants Failure Detection DALOG Condition Monitoring System Vibration D-CMS Kiln Vertical Roller Ball Roller Mill Press Mill Meet us at: MAGAZINE MAGAZINE For more information contact: Christoph MuschaweckNASHVILLE, TN | MAY 06TH - 10TH cement Industrial Crusher Material Dust E-mail: [email protected] Transport Systems Separator Phone: +49 821 74777 - 115 global Fan LONDON, UK | MAY 23TH - 24TH Plant Protection Concept Cloud-Based Maintenance Online Condition Monitoring Support Condition Optimization Monitoring of Crushers Training and Mills Performance
    [Show full text]
  • Breedon Cement Enniskillen Kendal Armagh NORTHALLERTON
    SITE DIRECTORY A LEADING CONSTRUCTION MATERIALS GROUP IN THE UK AND IRELAND www.breedongroup.com NORTHERN 01382 537600 [email protected] MARYBANK BENNADROVE HEBRIDES CEANN AN ORA MOREFIELD ARDCHRONIE DRUIM REALLASGER HIGHLANDS NETHERGLEN BOYNE BAY Peterhead INVERNESS ROTHES GLEN BEAULY STIRLINGHILL Inverness DAVIOT INVERURIE DYCE TOM’S FOREST Aviemore KEMNAY Aberdeen MEADOWSIDE TULLOS CRAIGENLOW WESTHILL NORTH-EAST BANAVIE SCOTLAND EDZELL CAPO SHIERGLAS POWMYRE BENDERLOCH Dundee ETHIEBEATON FIFE & DUNDEE DUNBEG BONAWE TAYSIDE PERTH DUNDEE CEMENT TERMINAL Oban BALMULLO CLATCHARD CRAIG FURNACE Stirling ORROCK DUMBARTON DUNBAR FALKIRK GREENOCK PAISLEY PORT DUNDAS LIVINGSTON DALKEITH Edinburgh Glasgow ARDEER BLINKBONNY NORTH DRUMBOY KILMARNOCK SORN KILLOCH ARGYLL, CENTRAL BELT, SOUTH SCOTLAND TORMITCHELL & CUMBRIA BARBAE BEDLINGTON BLYTH CEMENT TERMINAL BLYTH Derry HOWDON Dumfries Carlisle SCOTSWOOD Newcastle Key SOUTH SHIELDS GATESHEAD CLAYSHANT TONGLAND Quarry BARLOCKHART Belfast LOW PLAINS DURHAM Donegal WHITECROOK NORTH-EAST Ready-mixed concrete RAISBY Asphalt ENGLAND Hartlepool NORTHERN CRIME RIGG HART Contracting Keswick LOW HARPERLEY IRELAND HARTLEPOOL Tipping BISHOP AUCKLAND MIDDLESBROUGH Concrete products STOCKTON BARTON Breedon Cement Enniskillen Kendal Armagh NORTHALLERTON Northallerton Scarborough Ingleton Dundalk Morecambe NORTH Bridlington Westport ENGLAND York Harrogate Hull Blackburn Leeds Galway Dublin Manchester REPUBLIC OF IRELAND Lincoln Chester Wrexham Derby WEST ENGLAND Nottingham Limerick AND NORTH
    [Show full text]
  • ANNUAL REPORT 2018 Irish Concrete Federation B Annual Report 2018
    IRISH CONCRETE FEDERATION ANNUAL REPORT 2018 Irish Concrete Federation B Annual Report 2018 INDUSTRY MISSION STATEMENT We will be a customer driven, service oriented, quality business. We will be viewed by our community and Government as an environmentally responsible industry that operates in a safe and healthy manner. We will create a work environment where our employees are highly trained and empowered to anticipate customer needs. We seek to develop successful and mutually beneficial relationships with customers, suppliers, communities and the construction industry. The concrete products industry will continue to be successful. The concrete products industry will be guided by positive leadership among the many strategies to be utilised in achieving these goals. The End Result; • Adequate Return on Investment • A Secure Future IRISH CONCRETE FEDERATION Ground Independent Irish Limestone Concrete Precast Producers Manufacturers Concrete Association Association Association of Ireland Affiliations ICF is a member of ERMCO, European Readymix Concrete Organisation and of UEPG, the European Aggregates Association. IPCA is a member of BIBM, the European Federation for Precast Concrete. EUROPEAN READY MIXED CONCRETE ORGANIZATION ERMCO ASSOCIATION EUROPEENNE DU BETON PRET A L’EMPLOI EUROPÄISCHER TRANSPORTBETONVERBAND (Union Européenne European Federation des Producteurs de for Precast Concrete Granulats) Irish Concrete Federation 1 Annual Report 2018 CONTENTS 03 04 08 11 12 JOHN MAGUIRE – FOREWORD BY CHIEF ICF COUNCIL TECHNICAL AN APPRECIATION
    [Show full text]
  • Breedon Aggregates / Aggregate Industries Merger Inquiry
    BREEDON AGGREGATES/AGGREGATE INDUSTRIES UK MERGER INQUIRY Provisional findings report Notified: 6 February 2014 The Competition Commission has excluded from this published version of the provisional findings report information which the inquiry group considers should be excluded having regard to the three considerations set out in section 244 of the Enterprise Act 2002 (specified information: considerations relevant to disclosure). The omissions are indicated by []. Some numbers have been replaced by a range. These are shown in square brackets. Non-sensitive wording is also indicated in square brackets. Contents Page Summary .............................................................................................................................. 3 Provisional findings ............................................................................................................. 11 1. The reference ................................................................................................................ 11 2. The companies and the industry in which they operate ................................................. 11 Breedon ........................................................................................................................ 11 Aggregate Industries and its operations in north Scotland ............................................. 15 The supply of heavy building materials in north Scotland .............................................. 17 The relevant products and services .........................................................................
    [Show full text]
  • Breedon Aggregates/Aggregate Industries
    Breedon Aggregates and Aggregate Industries UK A report on the completed acquisition by Breedon Aggregates Limited of certain Scottish assets of Aggregate Industries UK Limited 9 April 2014 C M A 26 Crown copyright Website: www.gov.uk/cma Members of the Competition Commission who conducted this inquiry Simon Polito (Chair of the Group) Robin Aaronson Lesley Ainsworth Graham Sharp Chief Executive and Secretary of the Competition Commission David Saunders Members of the Competition and Markets Authority panel who from 1 April 2014 are responsible for the remaining stages of this inquiry Simon Polito (Chair of the Group) Robin Aaronson Lesley Ainsworth Graham Sharp Chief Executive of the Competition and Markets Authority Alex Chisholm The Competition and Markets Authority has excluded from this published version of the report information which the Inquiry Group considers should be excluded having regard to the three considerations set out in section 244 of the Enterprise Act 2002 (specified information: considerations relevant to disclosure). The omissions are indicated by []. Some numbers have been replaced by a range. These are shown in square brackets. Non-sensitive wording is also indicated in square brackets. iii The Competition Commission’s (CC’s) provisional findings were published on 7 February 2014. On 1 April 2014 the remaining functions of the CC in relation to the reference were transferred to the Competition and Markets Authority (CMA), under Schedule 5 to the Enterprise and Regulatory Reform Act 2013 and the Schedule to the Enterprise and Regulatory Reform Act 2013 (Commencement No. 6, Transitional Provisions and Savings) Order 2014 (the Order). Accordingly this report is published in exercise of the CMA’s functions under sections 35 and 38 of the Enterprise Act 2002, read with paragraph 2 of the Schedule to the Order.
    [Show full text]
  • Permit ID Installation ID Operator Name Installation Name 2013 2014
    Installation Operator Name Installation Name 2013 2014 2015 2016 2017 2018 2019 2020 Permit ID ID DTI1015 204463 Premier Oil E&P UK Ltd Voyager Spirit FPSO 72,740 37,302 36,642 35,981 35,321 34,660 33,999 33,339 DTI1016 202656 Ithaca Energy UK Limited Athena 41,458 40,737 40,015 39,294 0000 DTI9910 207103 EnQuest Heather Limited EnQuest Producer 0 0 14,726 79,970 78,502 77,033 75,565 74,097 CNR International (UK) Petrojarl Banff DTI9950 206523 0 26,039 31,970 31,394 30,818 30,241 29,665 29,088 Limited FPSO Nexen Petroleum U.K. DTI9960 206591 Golden Eagle 0 6,010 26,378 27,736 27,227 26,718 26,209 25,699 Limited Anasuria Operating DTI9991 715 Anasuria 43,325 13,457 41,811 22,330 40,264 39,479 38,684 37,887 Company Limited DTI9999 8 Premier Oil E&P UK Ltd Balmoral 34,174 33,580 32,980 32,379 31,760 31,140 30,513 29,884 GB-DTI0200 2 Centrica Storage Ltd Rough 47/3B 66,144 64,995 63,833 62,658 30,736 30,136 29,530 28,921 GB-DTI0300 3 EnQuest Heather Limited Kittiwake Alpha 61,921 60,846 14,940 29,329 57,547 56,425 55,288 54,148 GB-DTI0400 4 Apache North Sea Limited Forties Alpha 69,336 68,131 66,913 65,682 64,437 63,181 61,909 60,632 GB-DTI0600 6 Apache North Sea Limited Forties Charlie 47,229 46,409 45,579 44,740 43,892 43,037 42,170 41,300 GB-DTI0700 7 Apache North Sea Limited Forties Delta 66,347 65,195 64,029 62,851 61,660 60,458 59,240 58,019 ConocoPhillips (UK) GB-DTI1000 10 Britannia 286,653 281,674 276,637 271,547 266,402 261,207 255,947 250,670 Britannia Limited GB-DTI-1001 693 Chrysaor Limited Lomond 65,871 64,727 63,570 62,400 61,218 60,024 58,815 57,603 GB-DTI-1002 696 Chrysaor Limited Everest North 41,385 40,666 39,939 39,204 38,461 37,711 36,952 36,190 GB-DTI1003 686 Britoil Ltd Bruce 142,795 280,628 137,805 270,538 265,413 260,237 254,997 249,739 Spirit Energy North Sea Oil Sevan Marine GB-DTI-1010 1123 127,129 124,921 122,687 120,430 118,148 115,844 113,512 111,171 Limited Hummingbird GB-DTI1011 18 Perenco UK Limited Thames Alpha 23,338 22,933 0 0 0000 Nexen Petroleum U.K.
    [Show full text]
  • Fit for the Future
    MARCH 2019 Overcoming offsite risks Buyers guide Precast concrete addresses Find your concerns associated with precast offsite methods supplier p25 p14 FIT FOR THE FUTURE SuDS Concrete block permeable paving helps meet demands for sustainable drainage p12 Sustainability In 12 years, the precast sector has reduced manufacturing carbon emissions by 28% p24 Reasons to Buy British Precast The cement industry employs 2,000 people directly,Provides and 15,000 employment indirectly in mainly in rural UK rural areas areas Enhances and protects biodiversity UK sourced Responsibly constituent sourced materials Over 6,000 hectares of priority habitat has been created on restored sites Over 80% of cement and 95% of aggregates are sourced from within the UK All British Precast members are signatories to our Sustainability Charter DURABLE FIRE RESISTANT ROBUST LONG LASTING EXCELLENT ACOUSTIC/THERMAL PROPERTIES The average travel distance from factory to site is only 70 miles Reduces imports and improves Local construction the UK trade gap products Buying British Precast Concrete Reducing imports will help to sustain the UK •construction Supports industry a UK manufacturing sector and the UK economy • Protects the jobs and livelihood of UK society • Reduces travel distances and protects our environment Use our online Buyers Guide to choose your UK construction product A domestic Precast Sector is essential for the UK The products our industry manufactures of products imported from abroad [3]. Choosing Buy British Precast contribute to the UK construction industry British Precast means a shorter delivery time and - improving our schools, houses, offices, lower carbon. The UK government’s 2025 construction targets hospitals, transport networks, utilities and refer to a 50% reduction in the trade gap quality of life.
    [Show full text]
  • Breedon Aggregates Held on 10 October 2011
    ANGLO AMERICAN/LAFARGE MERGER INQUIRY Summary of hearing with Breedon Aggregates held on 10 October 2011 Background 1. Breedon Aggregates (Breedon) was formed in September 2010 out of the prepack administration of Ennstone plc. It produced and supplied aggregates, ready-mixed concrete (RMX) and asphalt, and also supplied a small amount of agricultural lime. It had recently acquired a small Lincolnshire business called C&G Concrete, which had two or three quarries and about 12 RMX plants. 2. Breedon was a member of the Minerals Products Association and the British Aggregates Association (which tended to focus on the smaller independents). 3. Breedon’s annual turnover and profitability had declined for all companies as a result of the recession and it did not think the market was going to recover strongly, if at all. There had been a decline in volume of up to 30 to 40 per cent across all the products Breedon produced. It hoped for modest growth (of around 4 to 5 per cent) in revenue over the next few years, some of which would be acquisition led, such as its pur- chase of C&G Concrete, as opportunities for organic growth would remain fairly limited. 4. Aside from the recession, hydrocarbon and energy price increases over the last 12 months (as a result of significant increases in the price of oil) had had a huge impact on Breedon’s business. Because energy costs had risen higher than expected, it was quite difficult to set prices that recovered these costs, and for the past year Breedon’s pricing had been trying to keep pace with rising energy costs.
    [Show full text]
  • Business Membership.Pdf
    Who we are • • • • • Our vision Priority 1 • • • Priority 2 • • • • Priority 3 • • • • • The Trust receives no funding and not a single penny is guaranteed – in order to carry out our work we rely on the generosity of our members to enable us to do this. Help to raise environmental awareness Engage staff - professional development opportunities Safeguard the health and wellbeing of your local community Help young people to engage with nature Demonstrate commitment to local wildlife Protect our natural heritage for future generations Size of business: Suggested annual amount: Bronze Membership £300 (sole traders and new business) Silver Membership £301 - £1000 (turnover up to £2 mil) Gold Membership £1001 - £2500 (turnover £2 mil to £25 mil) Platinum Membership £2501 upwards (turnover £25 mil and over) • Opportunities to meet our other business members (62 and growing) • Invitations to 3 key business events per year • Inclusion in our member magazine (circulation 10,000) and on our website (over 100,000 hits a year) • Receive our magazine three times per year and 4 quarterly business e-newsletters • PR opportunities – reach 14,000 (and growing) members, 12,000 followers on Twitter and over 5,000 on Facebook • Free site survey – we can advise you how to ensure your business is doing its bit for wildlife • 10% off Wild Days Out for Business – our team building and training days with a difference • 10% off advertising opportunities in our written publications Absolute Networks Kevin Wood Artist Accrofab Ltd Longcliffe Ltd Aggrecom Ltd
    [Show full text]
  • Annual Report Irish Concrete Federation 2019
    IRISH CONCRETE FEDERATION ANNUAL REPORT 2019 INDUSTRY MISSION STATEMENT We will be a customer driven, service oriented, quality business. We will be viewed by our community and Government as an environmentally responsible industry that operates in a safe and healthy manner. We will create a work environment where our employees are highly trained and empowered to anticipate customer needs. We seek to develop successful and mutually beneficial relationships with customers, suppliers, communities and the construction industry. The concrete products industry will continue to be successful. The concrete products industry will be guided by positive leadership among the many strategies to be utilised in achieving these goals. The End Result; Adequate return on investment & a secure future IRISH CONCRETE FEDERATION Ground Limestone Producers Independent Concrete Irish Precast Association of Ireland Manufacturers Association Concrete Association AFFILIATIONS ICF is a member of ERMCO, European Readymix Concrete Organisation and of UEPG, the European Aggregates Association. IPCA is a member of BIBM, the European Federation for Precast Concrete. European Ready Mixed Concrete Organization (ERMCO) Union Européenne des European Federation Producteurs de Granulats for Precast Concrete CONTENTS 02 03 06 08 ICF Member Foreword by Chief Executive’s ICF Council Locations 2019 the President Report Caroline Quinn 08 11 12 13 Health and Safety Planning and Technical Committee Business Development Committee Environment Committee Committee 13 14 15 16 Transport
    [Show full text]
  • Interim Announcement
    News release 7 March 2018 Breedon Group plc (‘Breedon Group’ or ‘the Group’) Annual Results 2017 Breedon Group, the UK’s leading independent construction materials group, announces its audited annual results for the year ended 31 December 2017. 2017 2016 Change Revenue £652.4 million £454.7 million +43% Underlying EBIT† £80.4 million £59.6 million +35% Profit before taxation £71.2 million £46.8 million +52% Underlying basic EPS† 4.14 pence 3.49 pence +19% Net debt £109.8 million £159.3 million -31% † Underlying results are stated before acquisition-related expenses, redundancy and reorganisation costs, property items, amortisation of acquisition intangibles and related tax items. References to an underlying profit measure throughout this announcement are defined on this basis. 16.0 million tonnes of aggregates sold (2016: 11.4 million tonnes) 1.9 million tonnes of asphalt sold (2016: 1.9 million tonnes) 3.3 million cubic metres of ready-mixed concrete sold (2016: 1.9 million cubic metres) Highlights • A year of solid progress, with improved performances from all three divisions • Strong organic earnings growth, supplemented by contributions from acquisitions • Significant investment in mineral assets, capacity and operational improvements • Two bolt-on acquisitions completed • Planned acquisition of Tarmac quarry and asphalt assets announced • Following full integration of 2016 Hope acquisition, growth platform strengthened, with significant scale, national reach and vertical integration • Further 25 per cent reduction in Employee Lost Time Injury Frequency Rate (LTIFR) to 1.41 Peter Tom CBE, Executive Chairman, commented: “2017 was one of the most productive years in our history. 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.
    [Show full text]
  • Highways-May-2020-HIA.Pdf
    Heading between 25-40pt Heading 25-40pt MAY 2020 INFORM | INSPIRE | CONNECT Crossing the inflection point INSIDE: ■ COVID19 recovery plans revealed ■ Modelling a changing world ■ The great reallocation #HighwaysHeroes MONTH 2019 1 FOR THOSE WHO BUILD, MANAGE, SUPPORT & SUPPLY THE UK ROAD NETWORK www.highwaysmagazine.co.uk EDITORIAL COMMENT KEEP IN TOUCH Opportunity at a point of juncture Subscribe to Highways at ll things must pass, even global pandemics. The prime minister has said we are past www.highwaysmagazine.co.uk/ the peak and the economic recovery is almost underway. The roads industry is already register in recovery mode, as we reveal exclusively in our news pages this month. There is still a lot of uncertainty, but one thing is clear; the highways sector can take great pride Follow us on Twitter @highwaysmag A in the work it has done, at no small risk, to make sure the country keeps operating. Never doubt that you are critical workers in a critical sector. After great tragedy, societies and individuals want to know that something good will come out of so much loss. We want to know it hasn’t all been for nothing. A central theme to this issue is what the long-term changes could and should be. register forINF weeklyORM | UPDAT Enews | ADVANCE updates Will we see more home working and could this mean transport and traffic decouple from their at highwaysmagazine.co.uk familiar position as proxies for economic activity? Or could we see a boom period as people flood our roads and public transport, desperate to get out of the house and back to old routines? People could use cars more, so as to social-distance while travelling, or traffic could be limited through less road space as councils allocate more to the increasing levels of cycling and walking.
    [Show full text]