Early Access

10-KPeriod: FY2015

CRH PUBLIC LTD CO Annual Report, Year Ended Dec 31, 2015

Filed March 16, 2016For Securities:CRH

Summary

CRH plc's 2015 Form 20-F filing highlights a year of significant strategic expansion, primarily driven by the acquisition of assets from Lafarge S.A. and Holcim Limited for €6.5 billion and the acquisition of C.R. Laurence (CRL) for $1.3 billion. These major acquisitions substantially increased CRH's global footprint and operational scale, positioning it as a leading global diversified building materials group. The company reported a 25% increase in revenue to €23.6 billion and a 35% increase in EBITDA to €2.2 billion, reflecting strong performance from both newly acquired businesses and its heritage operations. CRH emphasized its commitment to financial discipline, with efforts focused on integrating acquisitions and restoring debt metrics to normalized levels in 2016, supported by strong cash generation. The company also maintained its dividend track record and focused on safety initiatives across its operations. Geographically, CRH operates across Europe and the Americas, with growing strategic positions in Asia and South America. The business is diversified across heavy side materials (aggregates, cement, asphalt, concrete), light side products (glazing systems, construction accessories), and building materials distribution. The company's strategy centers on continuous business improvement, disciplined growth through acquisitions, leadership development, and leveraging its scale to enhance shareholder returns. Despite mixed market conditions in Europe, the Americas showed strengthening construction activity, supported by economic growth and infrastructure spending.

Key Highlights

  • 1Revenue increased by 25% to €23.6 billion, driven by significant acquisitions and organic growth.
  • 2EBITDA (as defined) rose by 35% to €2.2 billion, demonstrating improved profitability.
  • 3Completed two major strategic acquisitions: Lafarge/Holcim assets for €6.5 billion and C.R. Laurence for $1.3 billion, significantly expanding global scale and market positions.
  • 4Americas region showed strong performance with a 30% sales increase due to positive economic conditions and infrastructure investment.
  • 5Europe operations delivered a 3% sales increase from continuing operations despite mixed market conditions.
  • 6Maintained a strong focus on financial discipline, with year-end net debt of €6.6 billion, and committed to restoring debt metrics to normalized levels.
  • 7Dividend per share maintained at 62.5 cents, extending a 32-year track record of dividend delivery.

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