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Trading statements

CRH sales and earnings rise

17 November 2016 07:33

International building materials group CRH third quarter proforma sales were up by 2% with increases of 4% in Europe, 1% in the Americas and 3% in Asia.

Proforma sales for the first nine months were 6% up on last time.

EBITDA for the third quarter was up 9% and 14% up for the first nine months.

Looking ahead, the group says:"As previously stated and despite significant currency headwinds, overall EBITDA outturn for the year is estimated to be in excess of €3 billion, well ahead (> 35%) of last year (2015 reported: €2.22 billion); the expected outturn includes a full year contribution from 2015 acquisitions and is after taking into account the impact of divestments and one-off items.

"We continue to maintain a strong focus on prudent financial management, and we remain on track to deliver year-end net debt of less than 2 times EBITDA."

Story provided by StockMarketWire.com

Related Company: CRH

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