CRH Nine-Month Sales Rose on Year on Underlying Demand, Pricing Progress
November 23 2021 - 2:47AM
Dow Jones News
By Kyle Morris
CRH PLC said Tuesday that sales rose on year for the first nine
months of 2021 as it experienced good underlying demand and
continued pricing progress across key markets.
The Irish building-materials supplier said sales for the nine
months ended Sept. 30 rose 11% on year to $22.8 billion and were 7%
ahead on a like-for-like basis.
Earnings before interest, taxes, depreciation and amortization
for the period came to $3.9 billion, 15% ahead on year. The Ebitda
margin was 17.1%.
First-half growth moderated in the third quarter due to strong
prior-year comparatives, CRH said. Third-quarter sales were though
ahead of the prior year across all divisions, it noted.
CRH said it has spent $1.4 billion in the year to date on
acquisitions and that it has a strong pipeline.
The company expects to post full-year Ebitda in excess of $5.25
billion, Chief Executive Officer Albert Manifold said. Full-year
pretax profit is expected to be well ahead of 2020, the company
said.
Write to Kyle Morris at kyle.morris@dowjones.com
(END) Dow Jones Newswires
November 23, 2021 02:32 ET (07:32 GMT)
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