CRH sales revenues rise following acquisitions

CRH sales revenues rise following acquisitions

CRH´s sales revenue has risen by 35 per cent year-on-year to €12.7 billion in the first half of 2016 from €9.38 billion in the same period of 2015. Adjusted for acquisitions, divestments and currency changes - sales revenue rose by 8 per cent. CRH´s earnings before interest, taxation, depreciation and amortisation rose by 20 per cent to €1.12 billion on a pro-¡forma basis. The company attributed the increases in sales, mainly to the Americas, with rises in Europe and Asia also.

´We have had a very satisfactory first half, with good performance from our heritage businesses and contributions from 2015 acquisitions delivering significant profit growth for CRH,´ said chief executive Albert Manifold. ´With positive momentum in the Americas and the modest impact of early-stage economic recovery in Europe, we expect further progress in the second half with full year reported EBITDA in excess of €3bn.´

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