CRH profit grows in 2016

CRH reported sales of $28.5bn (€27.1bn), 15% up on of 2015 and earnings before interest, tax, depreciation and amortisation (Ebitda) rose 41% to $3.2bn (€3.1bn).

CRH’s 2016 Ebitda margin of 11.5% was up from 9.4% in 2015. CRH had a 2016 cash inflow of $2.4bn (€2.3bn) from operating activities.??Net debt reduced by €1.3 billion in 2016 to €5.3 billion.

The company’s full year dividend per share increased by 4% to 65.0c.??Albert Manifold, chief executive, CRH, said: “2016 was a year of significant profit growth for CRH, with margins and returns ahead of last year in every division.

“We benefited from positive momentum in the Americas, and also in Europe, particularly in the Northern and Eastern regions where we operate. The focus on cash  management resulted in our year-end debt metrics being ahead of target and below normalised levels.

“In addition to organic growth, we continue to develop CRH through acquisitions, having completed eight transactions already this year. With our balanced portfolio of businesses, CRH is well positioned to capitalise on the ongoing economic recovery and we see continued growth for the Group in 2017.”

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