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22 November 2017

CRH benefiting from growth in Americas trading

First publishedon www.AggBusiness.com

CRH, the global building materials group, said its Q3 2017 trading benefited from continued growth in the Americas.

The sector giant reported cumulative sales of €20.7 billion for the first nine months of 2017 – up 2% over the same period of last year.

In an interim statement, the company said that while underlying growth in the Americas boosted its trading levels, some operations were impacted by adverse weather and hurricane activity.

Momentum remained positive in Europe, it reported, while in Asia, highly competitive market conditions continued.

Management expects full year earnings before interest, tax and depreciation to be "in excess of €3.2 billion."

CRH net debt is expected to be €5.3 billion after spending €1.34 billion on 27 acquisitions so far in 2017.

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