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Prices & Quotes - UK Markets - CRH (CRH)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 2,713.00p
Change Today:
-58.00p
Market Cap:
21,297m
Sector:
Construction & Materials

CRH cutting costs after 'positive' first quarter

By Josh White

Date: Wednesday 22 Apr 2020

LONDON (ShareCast) - (Sharecast News) - CRH reported a "positive" start to the year on Wednesday, with first quarter like-for-like sales ahead 3%, but added that the impact of the Covid-19 coronavirus pandemic had been visible since mid-March.
The FTSE 100 building materials company said the health and safety of its people remained its first priority, adding that it was focussed on protecting its people, resources, businesses and market positions.

It said the 2020 outlook was now uncertain, and could not be reasonably estimated at present.

A series of "comprehensive" mitigating actions were being implemented across the group, including the suspension of all non-essential and discretionary expenditure.

CRH was also restricting capital expenditure to essential maintenance levels, and was reducing its working capital in line with lower activity levels.

"Significant" cost and restructuring actions were also being taken, along with temporary lay-offs and furlough arrangements in affected areas, and 25% salary reductions for all leadership teams and board members.

The company said it was in a "strong" financial position, with more than $6bn of cash and cash equivalents.

It also said it saw positive long-term prospects, and added it would still propose its 63 euro cent final dividend for shareholder approval at the annual general meeting on Thursday.

"We have had a good start to the year, and although the global spread of Covid-19 brings challenges for us all, I have no doubt that with the financial strength of CRH and the experience of our leadership teams, we will endure through these unprecedented and uncertain times," said chief executive officer Albert Manifold.

"All necessary actions are being taken to protect our employees and businesses, and to ensure that we are well positioned for the recovery in our markets."

At 0811 BST, shares in CRH were up 4.56% at 2,246p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

CRH Market Data

Currency UK Pounds
Price 2,713.00p
Change Today -58.00p
52 Week High 3,100.00p
52 Week Low 1,574.00p
Volume 165,371
Shares Issued 785.01m
Market Cap 21,297m

Performance Indicators

Compare performance with the sector and the market.

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Income
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Dividend Yield
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EPS Growth
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Operating Margin
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What The Brokers Say

Strong Buy 12
Buy 1
Neutral 5
Sell 0
Strong Sell 1
Total 19
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

CRH Dividends

  Latest Previous
  Interim Final
Ex-Div 03-Sep-20 12-Mar-20
Paid 25-Sep-20 28-Apr-20
Amount 22.00¢ 63.00¢

Trades for 27-Oct-2020

Time Volume / Share Price
09:20 306 @ 2,713.00p
09:20 321 @ 2,714.00p
09:20 89 @ 2,714.00p
09:20 200 @ 2,714.00p
09:20 389 @ 2,715.00p

CRH Key Personnel

Chair Richard (Richie) Boucher