DAVY VIEW

CRH expects to deliver full year organic profits ahead of 2019 and its strongest balance sheet in years. This consistent focus on margins, cash and returns remains the backbone of the group’s strategy. Shareholders will ultimately be the beneficiaries. While the outlook for 2021 remains somewhat uncertain, CRH’s delivery this year should provide investors with further proof that it is the quality play in the sector. Consistent earnings delivery and superior returns should provide the basis for a re-rating and continued outperformance over time.