CRH: targets net income of $3.55bn-3.80bn in 2024

(CercleFinance.com) - Group revenues are set to reach $34.
9bn in 2023 (2022: $32.7bn), up 7% on 2022, while organic revenues are up 3%. Income from continuing operations is up 14% on 2022 to $3.1bn (2022: $2.7bn).

EBITDA is up 15% to $6.2bn (2022: $5.4bn). Organic adjusted EBITDA is up 10% on 2022. CRH's profit margin from continuing operations is 8.8% (2022: 8.2%) and adjusted EBITDA margin is 17.7% (2022: 16.5%).

Earnings per share from continuing operations are 22% higher than in 2022, at $4.36 (2022: $3.58). Earnings per share from continuing operations are 30% higher than in 2022, at $4.65 (2022: $3.58).

Overall, it anticipates a favourable market environment and continued positive pricing momentum in 2024, driven by infrastructure investments and reindustrialisation activities in our core markets in North America and Europe.

Management expects FY 2024 net income of $3.55bn to $3.80bn and adjusted EBITDA of $6.55bn to $6.85bn.


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