CRH plc issues Full Year Results for the year ended 31 December 2022.


Key Highlights
  • Strong performance underpinned by our integrated solutions strategy
  • Further growth in sales, EBITDA, margin & EPS despite significant cost inflation
  • Efficient & disciplined approach to capital allocation
  • FY dividend +5%, significantly increasing share buyback to $3bn over next 12 months
  • $3.3bn invested in solutions-focused acquisitions; strong pipeline of opportunities
  • Strong & flexible balance sheet; significant optionality for future value creation
  • Raising sustainability ambitions; updated 1.5°C decarbonisation targets
  • New organisational structure; aligning with integrated solutions strategy
  • Recommending transition to US primary listing in 2023
Summary Financials12022Change
Sales$32.7bn+12%
EBITDA$5.6bn+13%
EBITDA Margin17.2%+10bps
EPS$3.50+14%

Albert Manifold, Chief Executive, said today:

“Our 2022 performance reflects the outstanding commitment of our people, the underlying strength and resilience of our business and the continued delivery of our integrated, solutions-focused strategy. Despite significant cost pressures throughout the year, we delivered further improvements in profits, margins and returns. Our strong cash generation together with our relentless focus on disciplined capital allocation has also delivered the strongest balance sheet in our history, providing us with significant opportunities for further growth and value creation going forward.”

Announced Thursday, 2 March 2023

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 within discontinued operations.


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' webcast presentation at 08:30 GMT on Thursday, 2 March 2023, 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 MinternChief Financial Officer
Frank HeisterkampDirector of Capital Markets & ESG
Tom HolmesHead of Investor Relations