CRH on course for further growth in 2018 after 2017 profits and sales rise

CRH chief executive, Albert Manifold, believes 2018 will be a year of continued growth for the Irish global heavyweight building materials Group, following rising profits and sales in 2017. Sales of €27.6 billion for CRH in 2017 represented a 2% rise on 2016. Group EBITDA was also up 6% to €3.3 billion, while the EBITDA margin of 12%, was up from 11.5% in 2016. CRH recorded a 2017 cash inflow of €2.2 billion from operating activities. “2017 was a year of continued profit growth for CRH,” says Manifold
March 1, 2018 Read time: 2 mins

723 CRH chief executive, Albert Manifold, believes 2018 will be a year of continued growth for the Irish global heavyweight building materials Group, following rising profits and sales in 2017.

Sales of €27.6 billion for CRH in 2017 represented a 2% rise on 2016. Group EBITDA was also up 6% to €3.3 billion, while the EBITDA margin of 12%, was up from 11.5% in 2016. CRH recorded a 2017 cash inflow of €2.2 billion from operating activities.

“2017 was a year of continued profit growth for CRH,” says Manifold, in a statement released with CRH’s full year trading results. “We benefited from increases in underlying demand in the Americas and positive momentum in Europe, and with focus on performance improvement and operational delivery, margins and returns were ahead of last year in our American and European Divisions. Supported by strong operational cash generation, we continued to deliver value through efficient capital management.”

With its balanced portfolio of businesses, Manifold emphasises that CRH is well positioned to capitalise on ongoing economic recovery. “Our focus remains on consolidating and building upon the gains made in 2017. Against this backdrop, we believe that 2018 will be a year of continued growth for the Group.”

Quarry Products

For more information on companies in this article

CRH

Related Content

March 1, 2017

CRH post significant profit growth in 2016 results

Building materials giant CRH continued to grow its profits in 2016, with the firm’s margins and returns ahead in all divisions. CRH saw sales of €27.1 billion, 15% up on of 2015; and EBITDA (Earnings Before Interest, Tax, Depreciation and Amortisation) rose 41% to €3.1 billion. The company’s 2016 EBITDA margin of 11.5% was up from 9.4% in 2015. CRH had a 2016 cash inflow of €2.3 billion from operating activities.

March 3, 2016

CRH’s 2015 pre-tax profits rise 36% to €1.03bn

Irish building materials giant CRH saw its pre-tax profits rise a healthy 36% to €1.03 billion last year.

The company said its US sales had benefitted from a weaker euro, and they expect the favourable exchange rates that helped boost its 2015 profits to continue this year.

CRH’s American businesses, which are mainly focused on the US, contributed €917 million to its €1.27 billion operating profits in 2015.

Last year’s global CRH sales were worth €23.6 billion - 25% up on the €18.9 billion achieved

boombox1

Highlighted Content

boombox2