CRH 1Q Like-For-Like Sales Rise 3%; 1st Half Ebitda Seen Ahead on Year
April 28 2021 - 02:56AM
Dow Jones News
By Anthony O. Goriainoff
CRH PLC said Wednesday that like-for-like sales in the first
quarter rose 3% and that it expects Ebitda for the first half to be
ahead of last year.
The London-listed Irish building-materials supplier said that it
has had a positive start to the year and that the strong
performance in Building Products in the period was partly offset by
weather disruption in its materials businesses in Europe and North
America.
Earnings before interest, taxes, depreciation and amortization
for the first half are expected to be ahead of the $1.59 billion
reported for the first half of 2020.
The company said that it has seen good underlying demand and
continued pricing progress across key markets during the quarter,
and that it has a strong pipeline of acquisition opportunities.
"We anticipate further normalization in our markets in the
second half of the year as the health situation continues to
improve. Given the resilience of our business model and strength of
our balance sheet we remain well positioned to benefit from the
growth opportunities that lie ahead," the company said.
Write to Anthony O. Goriainoff at
anthony.orunagoriainoff@dowjones.com
(END) Dow Jones Newswires
April 28, 2021 02:41 ET (06:41 GMT)
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