CRH plc, the global building materials group, issues Full Year Results for the year ended 31 December 2019.
Key Highlights
Financial
- €4.2bn EBITDA, +25% ahead of 2018 (+7% LFL)
- €28.3bn sales, +6% ahead (+3% LFL)
- Margin increase of +230bps
- €3.5bn cash generated; €1.4bn returned to shareholders
- Robust financial discipline; net debt/EBITDA of 1.7x
- Full-year dividend per share up 15% to 83.0c
| 2019 Summary Financials | ||
| Sales revenue | €28.3bn | +6% |
| EBITDA | €4.2bn | +25% |
| EBITDA margin | 14.8% | +230bps |
Business Developments
- €2.1bn divestments, Indian cement JV divested; €0.7bn acquisitions
- Setting the most demanding carbon reduction targets in the industry to 2030
- Changing reporting currency to US Dollar
Albert Manifold, Chief Executive, said today:
“CRH delivered good profit growth in 2019 supported by positive momentum in our heritage businesses and strong contributions from recent acquisitions. With a continuing focus on margin expansion, cash generation and enhanced returns for shareholders, we believe that 2020 will be a year of further progress for the Group.”
Announced Friday, 28 February 2020
Disclaimer:
Further information, including cautionary statements in order to utilise the “Safe Harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 with respect to forward-looking statements is set out in the full release linked below.
CRH will host a webcast and conference call at 8.30am GMT, 28 February 2020, to discuss this announcement. Registration details can be found on the Investor section of the website.
| Contact CRH at Dublin 404 1000 (+353 1 404 1000) | |
| Albert Manifold | Chief Executive |
| Senan Murphy | Finance Director |
| Frank Heisterkamp | Director of Capital Markets & ESG |
| Tom Holmes | Head of Investor Relations |