CRH - March 2018
CRH's turnover improved by 1.7 per cent YoY to EUR27,563m in 2017. EBITDA was ahead by 5.8 per cent to EUR3310m. The trading profit advanced by 10.4 per cent to EUR2238m. The net interest charge was 8.8 per cent lower at EUR289m and the pretax profit improved by 15.6 per cent to EUR2013m. A EUR447m US tax credit brought the tax rate down from 27.1 per cent in 2016 to just 4.7 per cent in 2017, but the underlying rate was little changed at 26.9 per cent. As a result, the net attributable profit was 51.1 per cent higher at EUR1919m. Net debt at the end of December was 10.4 per cent higher at EUR5861m and the gearing level increased slightly from 38.9 per cent to 40.4 per cent, while shareholder's funds improved by 4.3 per cent to EUR14,491m.
