The Irish building materials group said in an interim statement, following its acquisition of
During the first nine months of 2015, sales from continuing operations rose 28% in the Americas and by 2% in the group’s European division.
EBITDA from continuing operations was €1.5 billion, up 34% on the same period a year earlier, and CRH said that 2015 will be a year of growth. Assuming normal weather conditions for the remainder of 2015, it expected fourth-quarter EBITDA to be ahead of last year resulting in a full-year 2015 EBIDA contribution which would be 25% ahead of 2014’s €1.58 billion.
CRH said sales for the third-quarter in the Americas were 7% ahead of 2014 with EBITDA improving by 30%. For the full year it expects EBITDA from continuing operations to be more than 17% ahead of last year in constant currency terms.
Results from the group’s European operations matched the first half with full-year EBITDA expected to be marginally ahead of last year’s €664 million.
CRH said integration of the businesses acquired from LafargeHolcim earlier this year was progressing well, and the businesses are forecast to contribute EBITDA of €0.34 billion to the group’s full-year results, before taking into account one-off transaction costs and accounting adjustments totalling €0.2 billion.