The global building materials group also reported that EBITDA (earnings before interest, taxes, depreciation and amortisation) was 25% ahead of last year at US$2bn, with continued margin expansion in all divisions.
In its interim results for the six months ending June 30, CRH reported US$1.1bn worth of growth in investments for the year-to-date. It added that there is a strong pipeline of opportunities and the market outlook is improving.
CRH chief executive Albert Manifold said: “I am pleased to report a good first half as the strength and resilience of our business model once again delivers superior performance for CRH. Our integrated and solutions-focused approach leaves us uniquely positioned for the changing needs of construction, while our continued strong cash generation provides us with the flexibility to invest in future growth opportunities for our business."
Based on current trading conditions and the positive momentum that CRH sees across its markets, Manifold says the group says it expects second-half EBITDA to be ahead of a record prior year.
