Crh plc announces trading update – november 2021

Dublin, ie / accesswire / november 23, 2021 / crh plc (lse:crh)(ise:crg)(nyse:crh) announces trading update november 2021: key highlights positive nine-month performance; sales +11% ahead of prior year good underlying demand & continued pricing progress across key markets strong growth in profitability and further margin expansion nine months ended 30 september 2021 change sales $ 22.8bn +11 % ebitda $ 3.9bn +15 % ebitda margin 17.1 % +50bps performance supported by integrated solutions model robust cash generation & financial discipline; expect year-end net debt/ebitda of c.1.2x year-to-date acquisition spend $1.4bn; strong pipeline of opportunities share buyback programme ongoing; $0.8bn completed year-to-date expect full-year ebitda to be in excess of $5.25bn; well ahead of prior year albert manifold, chief executive, said today: crh continues to perform well with good underlying demand and pricing progress across our key markets. our uniquely integrated and solutions-focused business model has supported further margin expansion across our businesses, while our strong cash generation and disciplined approach to capital allocation provides further opportunities to create value for all of our stakeholders.
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