CRH plc, the global leader in building materials solutions, issues the following Interim Results for the six months ended 30 June 2022.


Key Highlights
  • 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 Financials 1H1 2022Change
Sales$15.0bn+14%
EBITDA$2.2bn+21%
EBITDA Margin14.7%+90bps
EPS ($)$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

1 Current 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.


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 plc will host an analysts' conference call and webcast presentation at 13:00 BST on Thursday, 25 August 2022, 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 ManifoldChief Executive
Jim MinternFinance Director
Frank HeisterkampDirector of Capital Markets & ESG
Tom HolmesHead of Investor Relations