CRH (CRH)

Sector:

Construction and Building Materials

Index:

FTSE 100

2,929.00p
   
  • Change Today:
      79.00p
  • 52 Week High: 3,100.00
  • 52 Week Low: 1,574.00
  • Currency: UK Pounds
  • Shares Issued: 784.82m
  • Volume: 1,641,899
  • Market Cap: £22,987m
  • RiskGrade: 284

CRH hails 'positive' start to year as LFL sales rise 7% in Q1

By Michele Maatouk

Date: Wednesday 24 Apr 2019

LONDON (ShareCast) - (Sharecast News) - Building materials group CRH hailed a "positive" start to the year on Wednesday as it posted a rise in first-quarter like-for-like sales and said earnings for the second half will be ahead of last year.
The company also announced an agreement to divest its European Shutters & Awnings business to StellaGroup for more than €0.3bn.

In the three months to the end of March 2019, group LFL sales were up 7% from the same period a year ago as sales volumes benefited from mild weather conditions and good momentum across most of its major markets. Sales growth was also supported by pricing progress across all major product lines.

The company said that in light of its strong balance sheet and cash generation, it will continue its share buyback programme with a further tranche of up to €350m to be completed before the interim results in August.

Group earnings before interest, taxes, depreciation and amortisation for the first half of the year are expected to be in excess of €1.5bn versus €1.13bn in the first half of 2018, CRH said. It added that in the absence of any major market dislocations, LFL EBITDA in the second half is expected to be ahead of the same period a year ago.

Growth in Americas Materials in the second half is expected to be supported by continued advancement in both residential and non-residential construction markets in the US along with increased federal, state and local infrastructure funding measures.

In Europe Materials, while the good start to the year with more favourable weather conditions is encouraging and CRH expects the second half to be ahead of last year, the strong rate of organic sales growth experienced in the first quarter is likely to moderate.

In Building Products, meanwhile, it sees growth across all business segments in Europe and the US in the second half.

"Against this backdrop and while maintaining a relentless focus on progressing our profit improvement programme, we expect like-for-like EBITDA in the second half of 2019 to be ahead of the second half of 2018 (H2 2018: €2.24bn)."



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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

CRH Market Data

Currency UK Pounds
Share Price 2,929.00p
Change Today 79.00p
% Change 2.77 %
52 Week High 3,100.00
52 Week Low 1,574.00
Volume 1,641,899
Shares Issued 784.82m
Market Cap £22,987m
RiskGrade 284

CRH Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
52.74% below the market average52.74% below the market average52.74% below the market average52.74% below the market average52.74% below the market average
52.63% below the sector average52.63% below the sector average52.63% below the sector average52.63% below the sector average52.63% below the sector average
Price Trend
72.20% above the market average72.20% above the market average72.20% above the market average72.20% above the market average72.20% above the market average
74.36% above the sector average74.36% above the sector average74.36% above the sector average74.36% above the sector average74.36% above the sector average
Income
8.24% above the market average8.24% above the market average8.24% above the market average8.24% above the market average8.24% above the market average
51.72% below the sector average51.72% below the sector average51.72% below the sector average51.72% below the sector average51.72% below the sector average
Growth
6.26% below the market average6.26% below the market average6.26% below the market average6.26% below the market average6.26% below the market average
21.05% below the sector average21.05% below the sector average21.05% below the sector average21.05% below the sector average21.05% below the sector average

What The Brokers Say

Strong Buy 13
Buy 1
Neutral 4
Sell 0
Strong Sell 1
Total 19
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

CRH Dividends

  Latest Previous
  Final Interim
Ex-Div 12-Mar-20 05-Sep-19
Paid 28-Apr-20 25-Sep-19
Amount 63.00¢ 20.00¢

Trades for 05-Jun-2020

Time Volume / Share Price
17:10 574 @ 2,879.35p
17:10 1,122 @ 2,879.35p
16:35 265,896 @ 2,929.00p
16:29 5 @ 2,947.00p
16:29 278 @ 2,945.00p

CRH Key Personnel

Chair Richard (Richie) Boucher

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