independent

Friday 18 April 2014

CRH reports better trading conditions in third quarter

At the Shelbourne Hotel for the CRH interim results were Albert Manifold, CEO designate, with Myles Lee, CEO, and Maeve Carton, chief financial officer

BUILDING materials giant CRH has reported better trading conditions in the third quarter following a weaker first half after bad weather hit activity in Europe and the US.

The company said today that revenues for the three months ended September were up 2pc to €5.4bn.

Third quarter EBITDA was up 3pc to €0.6bn, despite currency movements while CRH is expected to hit its profit target for the year - weather permitting.

During the three months to end September, CRH completed six deals which brought total acquisition and investment spending to €660m

About a quarter of these were in developing regions like India, China and Ukraine.

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