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News CRH’s sales and earnings grow in first nine months of 2023

CRH’s sales and earnings grow in first nine months of 2023

Written by Global Cement staff 21 November 2023
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Ireland: CRH reported consolidated sales of US$26.3bn during the first nine months of 2023, up by 8% year-on-year from nine-month 2022 levels. The group also grew its earnings before interest, taxation, depreciation and amortisation (EBITDA) during the period, by 14% to US$4.8bn. CRH noted ‘positive’ underlying demand across its key markets and continued progress along its commercial strategy.

Chief executive officer Albert Manifold said ‘‘I am pleased to report another strong performance for our business. Our integrated solutions strategy continues to deliver superior growth, while our strong cash generation and disciplined approach to capital allocation enables us to create additional value for our shareholders.” He added “Looking ahead to the remainder of the year, we are raising our guidance and expect to deliver full-year EBITDA of approximately US$6.3bn.”

Last modified on 22 November 2023
Published in Global Cement News
Tagged under
  • Ireland
  • CRH
  • Strategy
  • growth
  • Outlook
  • guidance
  • GCW635
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