CRH PLC Announces 2020 Full Year Results
CRH PLC announced its 2020 full-year results, highlighting a robust performance amid challenging conditions.
Rhea-AI Summary
CRH PLC announced its 2020 full-year results, highlighting a robust performance amid challenging conditions. The company achieved sales revenue of $27.6bn, a 2% decrease year-on-year, while EBITDA rose 5% to $4.6bn, improving the EBITDA margin to 16.8%. Notably, net debt/EBITDA stands at 1.3x, the lowest in a decade. The board increased the full-year dividend by 25% to 115.0c and announced a share buyback program of $0.3bn. Despite uncertain near-term outlook, the CEO expressed confidence in the company's strategic positioning and growth prospects.
Positive
- EBITDA increased by 5% to $4.6bn.
- EBITDA margin improved by 120bps to 16.8%.
- Net debt/EBITDA ratio is at 1.3x, the lowest in over 10 years.
- Dividend per share increased by 25% to 115.0c.
- Recommencing share buyback program with $0.3bn tranche.
Negative
- Sales revenue decreased by 2% year-on-year to $27.6bn.
Details
News Market Reaction – CRH
In the trading session that priced this news, CRH gained 1.40%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
This document contains inside information
DUBLIN, IRELAND / ACCESSWIRE / March 4, 2021 / (NYSE:CRH)(LSE:CRH)
Key Highlights
- Robust performance in a challenging environment
- Further EBITDA and margin improvement despite lower activity levels
- Continued strong cash generation underpinning financial strength and flexibility
- Net debt/EBITDA of 1.3x, lowest level in over 10 years
- Strong acquisition pipeline; significant opportunities for future value creation
- Full-year dividend per share up
25% to 115.0c; 37 years of dividend delivery - Recommencing share buyback programme with further tranche of
$0.3b n
Summary Financials | 2020 | LFL |
Sales Revenue | - | |
EBITDA | + | |
EBITDA Margin | +120bps | |
Operating Cash Flow | + |
Albert Manifold, Chief Executive, said today:
"Our 2020 performance is testament to the commitment of our people and the strength and resilience of our business model. Through the repositioning of our business in recent years and our relentless focus on continuous business improvement, we have delivered record levels of profitability, margins and cash generation. Although the near-term outlook remains uncertain, our unique portfolio of businesses together with the strength of our balance sheet leaves us well positioned to capitalise on the growth opportunities that lie ahead."
Ser
Announced Thursday, 4 March 2021
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SOURCE: CRH PLC
View source version on accesswire.com:
https://www.accesswire.com/633412/CRH-PLC-Announces-2020-Full-Year-Results
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