Concrete products firm Readymix expects to report a trading loss of €15m for last year, wider than the €11m loss reported in 2009.
In a trading update, it also said total pre-tax losses were expected to widen to €20m from €14m in 2009. Readymix said this would include net exceptional costs of around €4.5m linked to redundancies and a reduction in value of some assets.
During 2010, revenues are expected to be down by 36% from 2009. Readymix said sales volumes have fallen significantly in all of its product lines, reflecting the continuing difficulties in the construction sector.
