CRH PLC Announces 2022 Interim Results

Rhea-AI Summary

CRH PLC reported strong first-half results for 2022, achieving $15.0 billion in sales, up 14% from the previous year, and $2.2 billion in EBITDA, reflecting a 21% increase. The EBITDA margin reached 14.7%, marking a 90bps improvement. Notably, the company's interim dividend increased by 4%, accompanied by ongoing share buybacks. With year-to-date acquisition spend at $2.8 billion and a disciplined approach to divestments, CRH remains well-positioned for future growth despite ongoing inflationary challenges.

Positive

• Sales increased by $1.8 billion (+14%) to $15.0 billion.
• EBITDA rose by $0.4 billion (+21%) to $2.2 billion.
• EBITDA margin improved by 90bps to 14.7%.
• Interim dividend increased by 4%.
• Year-to-date acquisition spending reached $2.8 billion.

Negative

• None.

Key Highlights

DUBLIN, IRELAND / ACCESSWIRE / August 25, 2022 /

• Positive first-half performance; further growth in sales & EBITDA
• Margin ahead despite significant inflationary headwinds
• Reflecting the resilience of our business & our integrated solutions strategy
• Year-to-date acquisition spend $2.8bn including Barrette Outdoor Living
• Efficient & disciplined reallocation of $3.8bn Building Envelope divestment
• Strong & flexible balance sheet; significant optionality for future value creation
• Increasing cash returns; interim dividend +4% & ongoing share buybacks
• Full-year EBITDA to be c. $5.5bn (2021: $5.0bn) in a challenging cost environment

Summary Financials1			H1 2022			Change
Sales		$	15.0bn				+14	%
EBITDA		$	2.2bn				+21	%
EBITDA Margin			14.7	%			+90bps
EPS ($)		$	1.21				+36	%

Albert Manifold, Chief Executive, said today:
"CRH has delivered another strong performance with further growth in sales, EBITDA and margin despite a challenging and volatile cost environment. This performance reflects the continued execution of our integrated and sustainable solutions strategy. Looking ahead, despite some continued cost headwinds, the strength of our balance sheet and resilience of our business leaves us well positioned to deliver superior value for all our stakeholders."

Announced Thursday, 25 August 2022

¹Current and prior year trading information is presented on a continuing operations basis, excluding the results of the Building Envelope business which was divested in April 2022 and has been classified as a discontinued operation.

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

http://www.rns-pdf.londonstockexchange.com/rns/1229X_1-2022-8-24.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/713415/CRH-PLC-Announces-2022-Interim-Results

FAQ

What were CRH's sales figures for the first half of 2022?

CRH reported sales of $15.0 billion for the first half of 2022, representing a 14% increase from the previous year.

How did CRH's EBITDA perform in the first half of 2022?

CRH's EBITDA for the first half of 2022 was $2.2 billion, up 21% compared to the previous year.

What was the EBITDA margin for CRH in H1 2022?

The EBITDA margin for CRH in the first half of 2022 was 14.7%, an improvement of 90bps.

Did CRH increase its dividend in 2022?

Yes, CRH increased its interim dividend by 4%.

What acquisitions has CRH made in 2022?

CRH has made $2.8 billion in acquisitions year-to-date, including Barrette Outdoor Living.