Share:
DUBLIN, IRELAND / ACCESSWIRE / April 28, 2021 / CRH PLC (LSE:CRH)(ISE:CRG)(NYSE:CRH) Announces Trading Update April 2021:
Key Highlights
Good underlying demand & continued pricing progress across key markets
Year-to-date acquisition spend $0.2bn; strong pipeline of opportunities
$0.2bn divestment of Brazil cement business complete
Share buyback programme ongoing; $0.3bn tranche to be completed by end of June
H1 Group EBITDA expected to be well ahead of prior year
Albert Manifold, Chief Executive, said today: "
We had a positive start to the year in a seasonally quiet period for our business with good underlying demand and pricing progress across our key markets. While near-term uncertainties remain, we expect first-half profitability to be well ahead of the prior year period which experienced a heavily disrupted second quarter due to COVID-19. As we look ahead to the second half of the year, we expect further normalisation in our markets as the health situation continues to improve."