Global Cement
Online condition monitoring experts for proactive and predictive maintenance - DALOG
Professional manufacturer of refractory linings for Cement Process - LZ Refractories
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Knowledge Base
  • Members
  • Live
  • Login
  • Advertise
  • Alternative Fuels
  • Services
  • Jobs
  • Privacy & Cookie Policy
  • About
  • Register
  • Contact
News CRH grows earnings in difficult year in 2020

CRH grows earnings in difficult year in 2020

Written by Global Cement staff 04 March 2021
  • Print

Ireland: CRH’s consolidated earnings before interest, taxation, depreciation and amortisation (EBITDA) grew by 5% year-on-year on a like-for-like basis to US$4.6bn in 2020 from US$4.5bn in 2019. Sales fell by 2% to US$27.6bn from US$28.1bn. The group reported a net debt/EBITDA ratio of 1.3x, its lowest since 2010.

Chief executive officer Albert Manifold said, "Our 2020 performance is testament to the commitment of our people and the strength and resilience of our business model. Through the repositioning of our business in recent years and our relentless focus on continuous business improvement, we have delivered record levels of profitability, margins and cash generation. 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."

By division the group reported growth in its US cement sales volumes in 2020 on a like-for-like basis due to demand in the west, surpassing the negative effects of the coronavirus pandemic elsewhere. However, volumes fell in Canada, particularly in the first half of the year. In 2020, CRH adopted the Ash Grove brand for all its North American cement businesses, unifying 12 cement plants and 42 cement terminals under one brand. In Europe sales and earnings fell due to poor markets in the west despite better conditions on the east. The group noted that it grew its profit in the Philippines due to a strong recovery in the second half and cost savings despite plant shutdowns.

Last modified on 10 March 2021
Published in Global Cement News
Tagged under
  • Ireland
  • CRH
  • Results
  • US
  • Canada
  • Philippines
  • Ash Grove
  • GCW496

Related items

  • What impact did the blockage of the Suez Canal have on the cement industry?
  • Votorantim Cimentos reports 2020 sales and earnings growth
  • St Marys Cement installs wet scrubber at Bowmanville cement plant
  • Portland Cement Association wins 2021 Energy Star Partner of the Year award
  • Eagle Cement’s net sales fall in 2020
back to top
Always the right coupling - Flender
Loesche - Innovative Engineering
Our high efficiency separator for every need - Christian Pfeiffer
“Flexible
We Move Industries - Heko Group - Conveyor Suppliers
Acquisition Cemex China coronavirus Dangote Cement Export France Germany Government grinding plant HeidelbergCement Holcim Import India Lafarge LafargeHolcim Legal Mexico Nigeria Order Pakistan Philippines Plant Production Results Russia Sales UK Upgrade US
« April 2021 »
Mon Tue Wed Thu Fri Sat Sun
      1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30    



Sign up for FREE to Global Cement Weekly
Global Cement LinkedIn
Global Cement Facebook
Global Cement Twitter
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Knowledge Base
  • Members
  • Live
  • Login
  • Advertise
  • Alternative Fuels
  • Services
  • Jobs
  • Privacy & Cookie Policy
  • About
  • Register
  • Contact
  • Conferences & Webinars >>
  • Global Ash
  • Global CemBoards
  • Global CemEnergy
  • Global CemFuels
  • Global CemPower
  • Global CemProcess
  • Global Cement Quality Control
  • Global CemTrans
  • Global Concrete
  • Global FutureCem
  • Global Gypsum
  • Global GypSupply
  • Global Insulation
  • Global Slag
  • Global Synthetic Gypsum
  • Global Well Cem
  • African Cement
  • American Cement
  • European Cement
  • Middle Eastern Cement
  • Magazine >>
  • Latest issue
  • Articles
  • Editorial programme
  • Contributors
  • Link
  • Awards
  • Back issues
  • Subscribe
  • Photography
  • Register for free copies
  • The Last Word
  • Websites >>
  • Global Gypsum
  • Global Slag
  • Global CemFuels
  • Global Insulation
  • Pro Global Media
  • Social >>
  • LinkedIn
  • Facebook
  • Twitter

© 2021 Pro Global Media Ltd. All rights reserved.