(CercleFinance.com) – CRH fell 2% in London, after the publication by the building materials group of its first-half results, marked by a 31% increase in its EPS to 1.58 dollars, but an increase more modest half-yearly dividend.
Its adjusted EBITDA increased by 14% to 2.5 billion dollars, i.e. a margin improving by 90 basis points to 15.6% for revenues up by 8% to 16.1 billion (+4% over a comparable basis).
“CRH delivered a robust performance with strong pricing offsetting cost inflation, significant contributions from last year’s acquisitions and good underlying demand in key end markets,” he said.
Its board of directors has decided to increase its half-yearly dividend by 4% to $0.25 per share. For the full year, CRH anticipates EBITDA of around $6.2 billion, compared to $5.6 billion in 2022.
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