Robust performance by CRH
CRH plc, the global building materials group, has report a 2% decline in like-for-like sales revenue to $27.6 billion for the year ended 31 December 2020. However, despite lower activity levels EBITDA rose by 5% to $4.6 billion and EBITDA margin improved by 120bps to 16.8%.
Albert Manifold, Chief Executive of CRH, said: “Our 2020 performance is testament to the commitment of our people and the strength and resilience of our business model. Through the repositioning of our business in recent years and our relentless focus on continuous business improvement, we have delivered record levels of profitability, margins and cash generation. Although the near-term outlook remains uncertain, our unique portfolio of businesses together with the strength of our balance sheet leaves us well positioned to capitalise on the growth opportunities that lie ahead.”
CRH has recommenced its share buyback programme with a further tranche of up to $300 million. The Buyback, which commenced on 8 March 2021, will end no later than 24 June 2021.
A Fortune 500 company, CRH is a constituent member of the FTSE 100 index, the EURO STOXX 50 index, the ISEQ 20 and the Dow Jones Sustainability Index (DJSI) Europe. the group’s shares are listed in Dublin (Euronext) and in London (LSE), and its American Depositary Shares are listed in New York (NYSE).
