CRH Maintains its 2014 full year dividend

DividendMax Ltd.

CRH Maintains its 2014 full year dividend


Key Points

Improving economic backdrop; US recovery gaining momentum, Europe normalising

Focus on performance and operational delivery

Strong cash generation

Financial discipline and balance sheet strength

Financial Highlights

Sales of €18.9 billion, 5% ahead of 2013; like-for-like sales up 4%

EBITDA up 11% to €1,641 million; ahead of November guidance

Cash inflow of €0.9 billion from operations;  year-end net debt of €2.5 billion

Dividend per share maintained at 62.5c

Operational Highlights

Increased margins in all divisions and strong operating leverage

Cost savings of €118 million, bringing cumulative total to €2.5 billion

Strategic Highlights

Delivery on capital allocation and reallocation at attractive multiples

Acquisitions and investments of €0.19 billion

Divestment and disposal proceeds of €0.35 billion; €0.58 billion due to complete in Q1 2015

Companies mentioned