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CRH confident of further progress in 2020

As we look ahead to 2020, we expect solid market fundamentals to continue across our key markets.

CRH PLC -
Progress this year has been relatively smoooooth

Building materials group CRH PLC (LON:CRH) said underlying earnings in the first nine months of the year were up 7% on a like-for-like basis.

Earnings before interest, tax, depreciation and amortisation (EBITDA) in the nine months ended 30 September rose 27% to €3.2bn from €2.5bn the year before, boosted by acquisitions.

Sales revenue rose 9%, or 4% on a like-for-like basis, to €21.8bn from €19.9bn the previous year.

The group said third-quarter trading in its Americas Materials Division benefited from more favourable weather conditions than those experienced in the first half of the year.

CRH also experienced a continuation of positive trends in both Europe Materials and Building Products.

Based on the continued positive momentum in all of the group’s divisions, contributions from acquisitions, currency tailwinds and the impact of accounting treatment changes regarding leases, full-year EBITDA, including discontinued operations, is expected to top €4.15bn, up from €3.37bn in 2018.

Shares in CRH were up 2.3% in early deals.


 

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Price: 3650 GBX

Market Cap: £28.37 billion

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