CRH (CDI) (CRH)

Sector:

Construction and Building Materials

Index:

FTSE 100

6,828.00p
   
  • Change Today:
    -24.00p
  • 52 Week High: 6,898.00
  • 52 Week Low: 3,790.00
  • Currency: UK Pounds
  • Shares Issued: 688.32m
  • Volume: 690,793
  • Market Cap: £46,998m
  • RiskGrade: 147

CRH lifts dividend despite profit fall

By Michele Maatouk

Date: Thursday 04 Mar 2021

LONDON (ShareCast) - (Sharecast News) - Building materials distributor CRH lifted its dividend on Thursday even as it reported a decline in full-year profit and revenue, after what it called a "challenging year", hit by disruption from the Covid-19 pandemic.
Full-year pre-tax profit fell to $1.66bn from $2.18bn in 2019, with sales revenue down 2% to $27.6bn. Earnings before interest, tax, depreciation and amortisation rose 5% to $4.6bn.

The company lifted its full-year dividend by 25% to 115 cents a share and said it was recommencing its share buyback programme.

Meggitt said 2020 was challenging due to "significant" Covid-19 related disruption in the economies and construction markets of North America and Europe.

Economic activity in North America was impacted by the pandemic, but this was partly offset by government stimulus efforts. Like-for-like sales in Americas Materials declined 3% compared to 2019, mainly due to Covid restrictions, project delays in some key states and unfavourable weather in the first half of the year.

In the Europe Materials segment, Meggitt said saw volume recovery in the second half of the year and good price discipline did not fully mitigate the impact of Covid-related shutdowns earlier in the year, with LFL sales down 5% on 2019.

The company's Building Products business benefited from strong residential repair, maintenance and improvement activity in North America, which offset lower activity levels in non-residential markets. The division delivered LFL sales 4% ahead of 2019.

Chief executive Albert Manifold said: "Although the near-term outlook remains uncertain, our unique portfolio of businesses together with the strength of our balance sheet leaves us well positioned to capitalise on the growth opportunities that lie ahead."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

CRH (CDI) Market Data

Currency UK Pounds
Share Price 6,828.00p
Change Today -24.00p
% Change -0.35 %
52 Week High 6,898.00
52 Week Low 3,790.00
Volume 690,793
Shares Issued 688.32m
Market Cap £46,998m
RiskGrade 147

CRH (CDI) Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
41.80% above the market average41.80% above the market average41.80% above the market average41.80% above the market average41.80% above the market average
85.37% below the sector average85.37% below the sector average85.37% below the sector average85.37% below the sector average85.37% below the sector average
Price Trend
50.51% above the market average50.51% above the market average50.51% above the market average50.51% above the market average50.51% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income
22.32% below the market average22.32% below the market average22.32% below the market average22.32% below the market average22.32% below the market average
41.18% below the sector average41.18% below the sector average41.18% below the sector average41.18% below the sector average41.18% below the sector average
Growth
78.45% below the market average78.45% below the market average78.45% below the market average78.45% below the market average78.45% below the market average
12.20% above the sector average12.20% above the sector average12.20% above the sector average12.20% above the sector average12.20% above the sector average

CRH (CDI) Dividends

  Latest Previous
  3rd Interim 2nd Interim
Ex-Div 14-Mar-24 14-Dec-23
Paid 17-Apr-24 17-Jan-24
Amount 35.00¢ 108.00¢

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 291 @ 6,828.00p
16:35 185 @ 6,828.00p
16:35 100 @ 6,828.00p
16:35 50 @ 6,828.00p
16:35 100 @ 6,828.00p

CRH (CDI) Key Personnel

Chair Richard (Richie) Boucher

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