Brief: CRH sees H1 sales, EBITDA up year-on-year after strong U.S. start

CRH

26/04/2023 07:06

April 26 (Reuters) - Crh Plc  CRH.L :
    * TRADING UPDATE – APRIL 2023
    * POSITIVE START TO YEAR; Q1 SALES AND EBITDA AHEAD
    * $0.2BN ACQUISITIONS YTD; STRONG PIPELINE OF OPPORTUNITIES
    * $3BN SHARE BUYBACK UNDERWAY; TOTAL BUYBACKS IN H1 TO BE
C.$1BN
    * STRONG SHAREHOLDER SUPPORT FOR TRANSITION TO US PRIMARY
LISTING;
EGM TO BE HELD ON 8 JUNE
    * EXPECT H1 GROUP SALES, EBITDA & MARGIN TO BE AHEAD OF
PRIOR YEAR
    * AMERICAS MATERIALS SOLUTIONS SALES WERE 10% AHEAD OF SAME
PERIOD
IN 2022
    * AMERICAS BUILDING SOLUTIONS Q1 SALES WERE 22% AHEAD OF
SAME
PERIOD IN 2022
    * EUROPE MATERIALS SOLUTIONS LIKE-FOR-LIKE SALES WERE 6%
AHEAD OF
SAME PERIOD IN 2022
    * EUROPE BUILDING SOLUTIONS Q1 SALES WERE 1% BEHIND SAME
PERIOD IN
2022
    * IN OUR AMERICAS SEGMENTS WE EXPECT ROBUST INFRASTRUCTURE
DEMAND,
GOOD ACTIVITY IN KEY NON-RESIDENTIAL SEGMENTS, CONTINUED PRICING
PROGRESS AND POSITIVE CONTRIBUTIONS FROM ACQUISITIONS
    * ANTICIPATE A MORE CHALLENGING BACKDROP IN EUROPE DRIVEN BY
CONTINUED INFLATIONARY PRESSURES AND SOME SLOWDOWN IN NEW-BUILD
RESIDENTIAL SECTOR

Further company coverage:  CRH.L 

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