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CRH PLC Announces 2021 Interim Results

August 26, 2021 at 02:00 AM EDT

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

DUBLIN, IRELAND / ACCESSWIRE / August 26, 2021 /

Positive first-half performance; sales 15% ahead of prior year
EBITDA 25% ahead; continued margin expansion in all Divisions
Record cash generationsupporting further delivery of shareholder value
$1.1bn growth investments year-to-date; strong pipeline of opportunities
Increasing cash returns; interim dividend +4.5% & ongoing share buybacks
Market outlook improving; H2 EBITDA to be ahead of record prior year

Summary Financials		H1 2021		Change
Sales Revenue	$	14.0bn		15	%
EBITDA	$	2.0bn		+25	%
EBITDA Margin		14.2	%	+120bps
Operating Cash Flow	$	1.6bn		+55	%
EPS ($ cent)		100.1	c	95	%

Albert Manifold, Chief Executive, said today:
'I am pleased to report a good first half as the strength and resilience of our business model once again delivers superior performance for CRH. Our integrated and solutions-focused approach leaves us uniquely positioned for the changing needs of construction, while our continued strong cash generation provides us with the flexibility to invest in future growth opportunities for our business. Based on current trading conditions and the positive momentum that we see across our markets, we expect second-half Group EBITDA to be ahead of a record prior year.'

Announced Thursday, 26 August 2021

Click on, or paste the following link into your web browser, to view the full announcement.

http://www.rns-pdf.londonstockexchange.com/rns/7882J_1-2021-8-25.pdf

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: CRH PLC

View source version on accesswire.com:
https://www.accesswire.com/661439/CRH-PLC-Announces-2021-Interim-Results