CRH plc 2015 results - year ended 31st December 2015
03 March 2016
| Year ended 31 December | 2015
€ m | 2014
€ m | Change |
| Sales revenue | 23,635 | 18,912 | +25%
|
| EBITDA | 2,219
| 1,641 | +35% |
Operating profit (EBIT)
| 1,277
| 917 | +39% |
| Profit on disposals | 101
| 77 | |
| Finance costs, net | (389)
| (288) | |
| Equity accounted investments | 44
| 55 | |
| Profit before tax | 1,033
| 761 | |
| | € cent | € cent | |
| Basic earnings per share | 89.1
| 78.9 | +13% |
Dividend per share
| 62.5
| 62.5 | No Change
|
Albert Manifold, Chief Executive, said today:
“As a result of good performance from our heritage businesses and contributions from acquisitions, 2015 was a year of significant profit growth for CRH. Strong cash generation resulted in our year-end debt metrics being ahead of target, and we are well on track to restoring these metrics to normalised levels during 2016. Recently there has been some uncertainty about the pace of global growth. Our focus remains on consolidating and building upon the gains made in 2015, and against this backdrop we believe 2016 will be a year of continued growth for the Group.”
Key Points
- Good profit growth
- Enhanced portfolio through M&A
- Strong cash generation; de-leveraging accelerated
- Margins and returns ahead
Financial Highlights
- Sales of €23.6 billion, 25% ahead of 2014; continuing operations (see page 29) up 17%
- EBITDA up 35% to €2.2 billion, ahead of November guidance; continuing operations up 33%
- Cash inflow from operations up 47% to €1.3 billion; year-end net debt of €6.6 billion
- Dividend per share maintained at 62.5c, covered 1.4 times
Strategic Highlights
- Strengthening market positions through focused portfolio management
- Delivering value through capital allocation and reallocation at attractive multiples
- Acquisitions and investments of almost €8 billion; transaction/one-off costs of €0.2 billion
- Divestment and disposal proceeds of circa €1.0 billion; cumulative proceeds from divestment programme since 2014 of €1.4 billion
Announced Thursday, 3 March 2016
Disclaimer:
This Statement contains certain forward-looking statements as defined under US legislation. By their nature, such statements involve uncertainty; as a consequence, actual results and developments may differ from those expressed in or implied by such statements depending on a variety of factors including the specific factors identified in this Statement and other factors discussed in our Annual Report on Form 20-F filed with the SEC.
CRH will host a webcast and conference call at 8.30am GMT today, 3 March 2016, to discuss this announcement. Registration details can be found on the Results Centre section of the website http://crh.com/investors/results-centre.
| Contact Telephone: +353 1 404 1000 |
| |
| Frank Heisterkamp | Head of Investor Relations |
| Mark Cahalane | Group Director, Corporate Affairs |
View the full release (PDF, 654 KB, opens in a new window).
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