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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 contin
CRH s first quarter sales up 3% on strong demand
Updated / Wednesday, 28 Apr 2021
08:18
CRH said that Covid-19 restrictions in Ireland resulted in lower cement volumes than the same time last year
Building materials group CRH has reported a positive start to the year with first quarter like-for-like sales up by 3% on the back of strong demand for residential construction, particularly in North America.
CRH, the world s second-biggest building materials group, also said it was seeing good underlying demand and continued pricing progress across its key markets.
In a trading update for the three months to the end of March, CRH said that a particularly strong performance in its Building Products division was partly offset by weather disruption in its materials businesses in North America and Europe.
Good underlying demand & continued pricing progress across key markets Year-to-dateacquisition 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.
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