Brief: CRH like-for-like full year earnings jump 11% to $5.35 billion

CRH

03/03/2022 07:46

March 3 (Reuters) - Crh Plc  CRH.L :
    * ALTHOUGH COST INFLATION HEADWINDS ARE ANTICIPATED TO
CONTINUE IN
NEAR-TERM, WE EXPECT TO DELIVER FURTHER PROGRESS IN 2022
    * WELL POSITIONED FOR ANOTHER YEAR OF PROGRESS
    * CONTINUED DIVIDEND DELIVERY; FULL-YEAR DIVIDEND PER SHARE
UP 5%
TO 121.0C
    * SHARE BUYBACK PROGRAMME ONGOING; $0.9BN COMPLETED IN 2021
    * FULL-YEAR DIVIDEND PER SHARE UP 5% TO 121.0C; SHARE
BUYBACK
PROGRAMME ONGOING
    * GROUP INVESTED $1.5 BILLION IN 20 ACQUISITIONS IN 2021
    * GOOD UNDERLYING DEMAND, STRONG PROFIT GROWTH AND FURTHER
MARGIN
IMPROVEMENT
    * FY EBITDA $5.35BN
    * FY SALES $31.0BN +12%
    * EBITDA MARGIN 17.3% +50BPS
    * WHILE DEMAND BACKDROP REMAINS FAVOURABLE ACROSS OUR
MARKETS,
THERE ARE A NUMBER OF CHALLENGES AND UNCERTAINTIES
    * TOTAL AMERICAS MATERIALS SALES IN 2021 INCREASED BY 10%
WITH
LIKE-FOR-LIKE
    * LIKE-FOR-LIKE EUROPEAN MATERIALS SALES UP 11%, BUILDING
PRODUCTS
+5%
    * WE EXPECT UNDERLYING DEMAND AND PRICING BACKDROP TO REMAIN
FAVOURABLE IN 2022
    * 2021 FULL YEAR RESULTS

Further company coverage:  CRH.L 

 (Reporting By Padraic Halpin)
 ((Padraic.Halpin@thomsonreuters.com;))