CRH plc, the leader in building materials solutions, issues the following Interim Results for the six months ended 30 June 2023.


Key Highlights
  • Strong H1 delivery; further growth across all key metrics
  • $0.6bn acquisitions year-to-date; robust pipeline of opportunities
  • Strong & flexible balance sheet; significant optionality for future value creation
  • Overwhelming support for transition to US primary listing; effective 25 September
  • Increasing cash returns; interim dividend +4% & $3bn share buyback underway
  • Positive outlook … expect FY EBITDA of c. $6.2bn
Summary Financials1H1 2023Change
Sales$16.1bn+8%
EBITDA$2.5bn+14%
EBITDA Margin15.6%+90bps
Operating Cash Flow$1.0bn+61%
EPS$1.58+31%

Albert Manifold, Chief Executive, said today:

“I am pleased to report a strong first half performance reflecting the continued delivery of our differentiated strategy, further commercial progress across our businesses and good contributions from acquisitions. The strength of our balance sheet together with our relentless focus on disciplined capital allocation will enable us to invest in future growth and value creation opportunities for our business.”

Announced Thursday, 24 August 2023

Prior year income statement 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' conference call and webcast presentation at 08:00 EDT / 13.00 BST on Thursday, 24 August 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