CRH sees big increases in first three quarters

Irish-based materials producer CRH has recorded revenues of €20.4 billion for the first nine months of 2016 – a 22% increase compared to the same period a year ago.

On a proforma basis, revenues in the Americas were up 8% year-on-year for the first three quarters for CRH, while revenues grew 4% for both Europe and Asia.

The company recorded earnings before interest, taxes, depreciation and amortization (EBITDA) of €2.4 billion for the first nine months of 2016, representing a 14% increase year-on-year.

Regionally, the company’s biggest EBITDA increase was, again, in the Americas, at 21%, while Asia was up 7% and Europe 5%.

The company said that its relentless focus on performance in all its businesses, along with its business model for heavyside materials, ensured improved margins and returns.

Looking ahead, CRH said it expected its EBITDA to be in excess of €3 billion for the full year, which would represent more than a 35% increase year-on-year. The company said its recent acquisitions and divestments had contributed to its substantial increases.