26th Apr 2019 13:32
LONDON (Alliance News) - CRH PLC on Friday said Donald McGovern retired from the company's board at the conclusion of its annual general meeting on Thursday.
CRH did not give a reason for McGovern's departure.
On Tuesday this week, CRH said it will return a further EUR350 million via buybacks. The company has already returned EUR1 billion under its buyback scheme over the past 12 months, including EUR200 million so far in 2019.
On the trading front, CRH's first quarter like-for-like sales grew 7% year-on-year, helped by "milder" weather conditions and good momentum in most markets, as well as pricing progress.
For the first half of 2019, CRH anticipated earnings before interest, taxes, depreciation, and amortisation to be above EUR1.5 billion, versus EUR1.13 billion year-on-year.
Shares in the building materials supplier were down 0.3% at 2,545 pence each on Friday.
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