CRH (CDI) (CRH)

Sector:

Construction and Building Materials

Index:

FTSE 100

6,058.00p
   
  • Change Today:
    -110.00p
  • 52 Week High: 6,898.00
  • 52 Week Low: 4,086.00
  • Currency: UK Pounds
  • Shares Issued: 684.58m
  • Volume: 506,601
  • Market Cap: £41,472m
  • RiskGrade: 147

CRH revenues rise as strong NA growth offsets weakness in Europe

By Benjamin Chiou

Date: Friday 10 May 2024

LONDON (ShareCast) - (Sharecast News) - London-listed shares in CRH rose on Friday after the builders' merchant said it made a solid start to 2024 in the seasonally least significant quarter, with revenues rising on the back of positive pricing, early-season activity and favourable weather in key markets.
The company reaffirmed its previous guidance for 2024, saying it expects a "favourable market backdrop and continued positive pricing momentum" during the year.

The Dublin-based firm, which offers building materials across North America, Europe and some parts of Asia Pacific, said revenues over the first three months of the year were up 2% on last year at $6.5bn, rising 1% on an organic basis.

Materials Solutions and Building Solutions revenues were up 16% and 2% in North America respectively; but fell by 8% and 10% in Europe, respectively, held back by bad winter weather.

Group net income rose to $114m compared with a loss of $31m the year before, helped by a gain on the completion of phases one and two of the European Lime divestiture.

Adjusted EBITDA came in at $445m, up 15% year-on-year, "as a result of the continued delivery of our integrated solutions strategy, strong commercial progress, ongoing cost control and further operational efficiencies".

Looking ahead, CRH said it remains well positive for "another year of growth" in 2024. In Europe in particular, the company expects good underlying demand in infrastructure and key non-residential markets, helped by cost control.

UK-listed CRH shares were up 3.5% at 6,670p by 0841 BST.

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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 6,058.00p
Change Today -110.00p
% Change -1.78 %
52 Week High 6,898.00
52 Week Low 4,086.00
Volume 506,601
Shares Issued 684.58m
Market Cap £41,472m
RiskGrade 147

CRH (CDI) Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
43.95% above the market average43.95% above the market average43.95% above the market average43.95% above the market average43.95% above the market average
80% below the sector average80% below the sector average80% below the sector average80% below the sector average80% below the sector average
Price Trend
47.85% above the market average47.85% above the market average47.85% above the market average47.85% above the market average47.85% above the market average
85.37% above the sector average85.37% above the sector average85.37% above the sector average85.37% above the sector average85.37% above the sector average
Income
22.42% below the market average22.42% below the market average22.42% below the market average22.42% below the market average22.42% below the market average
18.75% below the sector average18.75% below the sector average18.75% below the sector average18.75% below the sector average18.75% below the sector average
Growth
79.14% below the market average79.14% below the market average79.14% below the market average79.14% below the market average79.14% below the market average
46.34% above the sector average46.34% above the sector average46.34% above the sector average46.34% above the sector average46.34% above the sector average

CRH (CDI) Dividends

  Latest Previous
  Q2 Q1
Ex-Div 23-May-24 14-Mar-24
Paid 26-Jun-24 17-Apr-24
Amount 35.00¢ 35.00¢

Trades for 14-Jun-2024

Time Volume / Share Price
16:06 99 @ 6,058.00p
16:06 400 @ 6,058.00p
16:06 110 @ 6,058.00p
16:06 100 @ 6,058.00p
16:06 200 @ 6,058.00p

CRH (CDI) Key Personnel

Chair Richard (Richie) Boucher

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