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CRH's US operations compensate for European slowdown

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CRH, the world's second-largest building materials supplier, has reported higher sales and earnings for the nine months to the end of September and confirmed its full year guidance of about $5.5 billion - well ahead of last year.

In a trading update, CRH said its sales rose by 13% to $24.4 billion while its EBITDA increased by 14% to $4.2 billion.

The Europe Materials division saw softer activity levels in the third quarter amid a challenging energy cost backdrop. CRH said its Building Products division saw strong growth in the third quarter led by good demand in utility infrastructure and outdoor living solutions, as well as strong contributions from recent acquisitions.

"This performance reflects the resilience of our business and the benefits of our integrated and sustainable solutions strategy," he said.

 

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