CRH PLC Announces 2021 Interim Results

Rhea-AI Summary

CRH PLC reported strong first-half performance with sales revenue reaching $14.0 billion, reflecting a 15% increase from the previous year. EBITDA surged by 25% to $2.0 billion, driven by margin expansion across all divisions. The company's operating cash flow improved by 55% to $1.6 billion, supporting an interim dividend hike of 4.5% and share buybacks. With $1.1 billion in growth investments year-to-date, CRH anticipates second-half EBITDA to surpass last year's record.

Positive

• Sales revenue increased by 15% to $14.0 billion.
• EBITDA rose 25% to $2.0 billion, with margin expansion in all divisions.
• Operating cash flow improved by 55% to $1.6 billion.
• Interim dividend increased by 4.5%, along with ongoing share buybacks.
• $1.1 billion growth investments year-to-date, with a strong pipeline of opportunities.

Negative

• None.

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

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SOURCE: CRH PLC

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

FAQ

What were CRH's sales revenue for the first half of 2021?

CRH's sales revenue for the first half of 2021 was $14.0 billion, a 15% increase compared to the previous year.

What is CRH's EBITDA for the first half of 2021?

CRH reported EBITDA of $2.0 billion for the first half of 2021, which is a 25% increase from the prior year.

How much did CRH increase its interim dividend in 2021?

CRH increased its interim dividend by 4.5% in 2021.

What growth investments has CRH made year-to-date in 2021?

CRH has made $1.1 billion in growth investments year-to-date in 2021.

What is the market outlook for CRH in the second half of 2021?

CRH expects second-half EBITDA to be ahead of the record prior year, indicating an improving market outlook.