CRH PLC Announces 2020 Full Year Results

Rhea-AI Summary

CRH PLC announced its 2020 full-year results, highlighting a robust performance amid challenging conditions. The company achieved sales revenue of $27.6bn, a 2% decrease year-on-year, while EBITDA rose 5% to $4.6bn, improving the EBITDA margin to 16.8%. Notably, net debt/EBITDA stands at 1.3x, the lowest in a decade. The board increased the full-year dividend by 25% to 115.0c and announced a share buyback program of $0.3bn. Despite uncertain near-term outlook, the CEO expressed confidence in the company's strategic positioning and growth prospects.

Positive

• EBITDA increased by 5% to $4.6bn.
• EBITDA margin improved by 120bps to 16.8%.
• Net debt/EBITDA ratio is at 1.3x, the lowest in over 10 years.
• Dividend per share increased by 25% to 115.0c.
• Recommencing share buyback program with $0.3bn tranche.

Negative

• Sales revenue decreased by 2% year-on-year to $27.6bn.

This document contains inside information

DUBLIN, IRELAND / ACCESSWIRE / March 4, 2021 / (NYSE:CRH)(LSE:CRH)

Key Highlights

• Robust performance in a challenging environment
• Further EBITDA and margin improvement despite lower activity levels
• Continued strong cash generation underpinning financial strength and flexibility
• Net debt/EBITDA of 1.3x, lowest level in over 10 years
• Strong acquisition pipeline; significant opportunities for future value creation
• Full-year dividend per share up 25% to 115.0c; 37 years of dividend delivery
• Recommencing share buyback programme with further tranche of $0.3bn

Summary Financials	2020	LFL
Sales Revenue	$27.6bn	-2%
EBITDA	$4.6bn	+5%
EBITDA Margin	16.8%	+120bps
Operating Cash Flow	$3.9bn	+1%

Albert Manifold, Chief Executive, said today:

"Our 2020 performance is testament to the commitment of our people and the strength and resilience of our business model. Through the repositioning of our business in recent years and our relentless focus on continuous business improvement, we have delivered record levels of profitability, margins and cash generation. Although the near-term outlook remains uncertain, our unique portfolio of businesses together with the strength of our balance sheet leaves us well positioned to capitalise on the growth opportunities that lie ahead."

Ser

Announced Thursday, 4 March 2021

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SOURCE: CRH PLC

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FAQ

What were CRH's 2020 sales revenue figures?

CRH reported sales revenue of $27.6 billion for the year 2020.

How much did CRH's EBITDA increase in 2020?

CRH's EBITDA increased by 5% in 2020, reaching $4.6 billion.

What is the current net debt/EBITDA ratio for CRH?

CRH's net debt/EBITDA ratio stands at 1.3x, the lowest level in over a decade.

What was the dividend increase announced by CRH for 2020?

CRH announced a 25% increase in its dividend per share, raising it to 115.0 cents.

What share buyback program did CRH announce?

CRH announced the recommencement of its share buyback program with a further tranche of $0.3 billion.