CRH announce change to segmental reporting

17 February, 2015

Newly reorganized European business structure to be reflected in Group’s financial results

LAST year CRH plc, the Dublin-based international building materials group, embarked upon a reorganization of their European business which, as stated in the company’s Interim Management Statement on 11 November 2014, was completed towards the end of the year.

CRH say they have now integrated their heavy materials business in Europe with their concrete and clay products businesses into one European Heavyside organization, and created a new Lightside products segment, in a reorganization that will allow the Group to leverage the benefits of its operating plant network in European markets.

Europe Heavyside now includes CRH’s vertically integrated building materials businesses in 21 countries across Europe; with significant stone reserves, this segment includes the Group’s aggregates and cement operations in Europe, as well as those businesses which manufacture and supply ready-mixed concrete, precast concrete products and concrete landscaping, and asphalt paving products for road surfacing.

CRH’s Europe Lightside operations are involved in the production and supply of high-value construction products, including construction accessories, fencing, shutters and awnings, and composite access chambers.

In line with this new organization structure, CRH say segmental reporting in their 2014 preliminary results announcement on 26 February 2015 will reflect the two new European reporting segments.

The change will only impact the previously reported Europe Materials and Europe Products segments – there will be no change to Group’s Europe Distribution and three Americas segments, nor to the Group’s reported total revenues, EBITDA, operating profit, net result or earnings per share.

Previously published 2013 financial information for the Group’s Europe Materials and Europe Products segments will be restated and presented under the Heavyside and Lightside segments as comparative information in the 2014 Annual Report.