...June 10, 2024 CRH reported strong results in 2023, and we expect further growth in revenues and profitability in 2024. In 2023, reported sales grew by 6.8% to $34.9 billion (2022: $32.7 billion), mainly on good underlying demand, positive pricing, and contributions from acquisitions. CRH also posted record-high S&P Global Ratings-adjusted EBITDA of about $6.6 billion and improved its margin to about 18.8% (2022: 17.6%). This strong performance reflects the success of CRH's vertically integrated solutions strategy, cost savings, and improved operational efficiency. The positive trend continued into the first quarter 2024, with revenue and EBITDA margin up by 2% and 80 basis points, respectively. For 2024, we expect that CRH will continue to benefit from an increase in funding for the North American infrastructure market, as well as a lot more onshoring of manufacturing activities. On the other hand, we foresee the depressed performance in Europe continuing because of subdued demand in new-build...
