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Aug 22 2019, 07:05 IST/BST
CRH continues to deliver on its strategy of improving margins, returns and cashflow. Record H1 profits (despite adverse weather and UK weakness) confirm on-going momentum in its main markets in Europe and North America. This resulted in over 70bps improvement in EBITDA margins (pre IFRS). Year-end leverage targets have been improved, driven by a combination of operating cashflow and disposals. The strengthening balance sheet continues to provide the company with capital allocation options, including a fresh €350m share buyback. Over time, shareholders will benefit further from this cash powerhouse.