CRH posts increased revenues for 2015

By Joe Malone03 March 2016

Albert Manifold, CRH

Albert Manifold, CRH

Irish-based CRH has posted revenues of €23.6 billion for 2015 – a 25% increase on the €18.9 billion reported for 2014.

The company’s profit also rose by 39% to €1.2 billion for the year, while its earnings before interest, taxes, depreciation and amortization rose 35% to €2.2 billion for the same period.

Albert Manifold, CEO, said, “Strong cash generation resulted in our year-end debt metrics being ahead of target, and we are well on track to restoring these metrics to normal levels during 2016.

“Recently there has been some uncertainty about the pace of global growth. Our focus remains on consolidating and building upon the gains made in 2015, and against this backdrop we believe 2016 will be a year of continued growth for the group.”

Meanwhile, the company has announced William Teuber as its non-executive director with immediate effect.

Teuber, 64, is currently the vice chairman at EMC Corporation. In previous roles he was responsible for EMC’s global sales and distribution organisation between 2006 and 2012, after serving as chief financial officer between 1996 and 2006.

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