Monday 22 May 2017

CRH profits jumps 39pc on sales of €23.6bn

Albert Manifold, the CRH chief executive
Albert Manifold, the CRH chief executive

Sales at CRH, the Irish building materials giant, jumped 25pc up to €23.6bn while the firm's operating profit grew 39pc to €1.28bn.

The company's full-year results for 2015 showed EBITDA growth of 35pc, up to €2.22bn while the firm made €101m of profit on disposals over the course of the year.

Basic earnings per share in the group rose by 89.1c up 13pc on the previous year while dividend per share remained consistent at 62.5c per share.

CRH chief executive, Albert Manifold, described 2015 as a year of significant profit growth for the firm.

"Strong cash generation resulted in our year-end debt metrics being ahead of target, and we are well on track to restoring these metrics to normalised levels during 2016.

"Recently there has been some uncertainty about the pace of global growth. Our focus remains on consolidating and building upon the gains made in 2015, and against this backdrop we believe 2016 will be a year of continued growth for the group," Mr Manifold said.

In the results the board recommended a final dividend of 44c per share to bring it in line with the final dividend of 2014. The dividend is covered 1.4 times by the groups earnings per share of 89.1c for 2015.

Online Editors

Promoted articles

Also in Business