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 margin14.8%+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.”