Positive first-half results for CRH
Revenue, EBITDA, and operating cash flow all significantly ahead of same period last year
CRH plc, the Dublin-based global building materials group, have reported a positive first-half performance in their interim results for the six months ended 30 June 2021.
Sales revenue was 15% ahead of the same period last year, at US$14 billion, whilst EBITDA was 25% ahead at US$2 billion and EBITDA margin was up 120bps to 14.2%. Operating cash flow increased by 55% to US$1.6 billion.
CRH chief executive Albert Manifold said: ‘I am pleased to report a good first half as the strength and resilience of our business model once again delivers superior performance for CRH.
‘Our integrated and solutions-focused approach leaves us uniquely positioned for the changing needs of construction, while our continued strong cash generation provides us with the flexibility to invest in future growth opportunities for our business.
‘Based on current trading conditions and the positive momentum that we see across our markets, we expect second-half Group EBITDA to be ahead of a record prior year.’
