Reuters logo
BRIEF-CRH H1 earnings up 5 pct y/y, ramps up acquisition spend
August 24, 2017 / 6:13 AM / a month ago

BRIEF-CRH H1 earnings up 5 pct y/y, ramps up acquisition spend

Aug 24 (Reuters) - CRH Plc

* H1 pretax profit 517 million euros versus 407 million eur year ago

* Interim dividend up 2 percent to 0.192 eurper share

* H1 EBITDA of 1.175 billion euros, 5 percent ahead of 2016

* H1 like-for-like sales ahead 1 percent; +3 percent in Europe, +1 percent in Americas, -8 percent in Asia

* Significant M&A activity; allocating and reallocating capital at attractive multiples

* We expect a continuation of first half momentum experienced in Europe and Americas in H2

* Anticipate another year of progress for the group

* Group spent a total of 632 million euros on 13 acquisitions in H1

* On divestment front, group realised business and asset disposal proceeds of 145 million euros.

* Post June 30, group reached agreement on two further transaction

* Expect EBITDA will decline further in philippines in h2 Further company coverage: (Reporting By Padraic Halpin)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below