CRH has reported H1 results better than consensus expectations. Sales were down by only 3% lfl. On the EBITDA side, Americas Materials’ EBITDA was up by 20% and Building Products’ EBITDA was up by 11% due to solid pricing, good cost control and lower energy costs. Europe Materials’ EBITDA was 28% below primarily due to severe lockdowns in western Europe. Management has not communicated guidance for FY20.

21 Aug 2020
H1 20: robust result; proposed interim dividend at last year’s level

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H1 20: robust result; proposed interim dividend at last year’s level
CRH public limited company (CRH:LON) | 7,071 5232.5 1.1% | Mkt Cap: 47,800m
- Published:
21 Aug 2020 -
Author:
Sejal Varshney -
Pages:
3 -
CRH has reported H1 results better than consensus expectations. Sales were down by only 3% lfl. On the EBITDA side, Americas Materials’ EBITDA was up by 20% and Building Products’ EBITDA was up by 11% due to solid pricing, good cost control and lower energy costs. Europe Materials’ EBITDA was 28% below primarily due to severe lockdowns in western Europe. Management has not communicated guidance for FY20.