CRH PLC Announces 2020 Interim Results
- Health & safety remains our number one priority
- Robust performance in a challenging environment
- Decisive reaction to evolving market backdrop
- EBITDA and margin ahead despite lower sales
- Record cash generation; further underpinning financial strength & flexibility
- $3.8bn improvement in net debt position; $10bn of available liquidity
- Continued dividend delivery; interim dividend in line with prior year
DUBLIN / ACCESSWIRE / August 20, 2020 /
|
H1 Summary Financials |
2020 |
LFL |
|
Sales Revenue |
$12.2bn |
-3% |
|
EBITDA |
$1.6bn |
+2% |
|
EBITDA Margin |
13.0% |
+70bps |
|
Operating Cash Flow |
$1.0bn |
+$0.7bn |
- Q3 EBITDA is expected to be in line with prior year
- Limited visibility for Q4 and into 2021
- Focused on continuing to improve profitability, margins & cash
Albert Manifold, Chief Executive, said today:
“Our first-half performance is testament to the hard work and dedication of all our people during a very challenging and uncertain period. As ever, health and safety is our number one priority and our primary focus is to provide a safe working environment for all of our employees. As a Group we took swift and comprehensive action in response to the COVID-19 crisis, and our ability to flex our cost base and deliver improved profitability, margins and cash generation in a rapidly evolving environment demonstrates the strength and resilience of our business. The outlook for the rest of the year and into 2021 remains uncertain and is dependent on an improving health situation across our markets.”
Click on, or paste the following link into your web browser, to view the full announcement.
http://www.rns-pdf.londonstockexchange.com/rns/6354W_1-2020-8-19.pdf
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com
SOURCE: CRH PLC
View source version on accesswire.com:
https://www.accesswire.com/602524/CRH-PLC-Announces-2020-Interim-Results
