CRH - February 2015
CRH's turnover increased by 4.9 per cent in 2014 to EUR18,912m while EBITDA advanced by 11.3 per cent to EUR1641m. The trading profit before charging EUR49m of impairments rose by 28.8 per cent to EUR966m. The net interest charge declined by 1.2 per cent to EUR246m and a EUR77m gain on disposals, compared with EUR26m in 2014, led to a pretax profit of EUR761 compared with a loss of EUR215m in 2013. The net attributable result swung from a EUR296m loss to a profit of EUR582m. Net debt at the end of December was 5.9 per cent higher at EUR5843m with the gearing level rising marginally from 57.1 per cent to 57.4 per cent, as shareholder's funds increased by 5.3 per cent to EUR10,177m. Capital expenditure was reduced by 12.5 per cent to EUR435m.