27th Apr 2016 06:15
LONDON (Alliance News) - Irish building materials company CRH PLC on Wednesday said a robust trading environment in its key markets drove revenue higher in the first quarter.
The FTSE 100-listed group said sales grew 9.0% year-on-year in the first quarter, with sales in the Americas rising 22%, Asia sales up 12% and Europe sales flat.
CRH said it benefited from good weather conditions in the first months of 2016, which particularly helped sales in its Americas business. Market conditions in Europe continued to stabilise in the quarter, CRH said, albeit with variations in different regions, while Asian sales were helped by good cement demand in the Philippines.
CRH said it expects its group earnings before interest, taxation, depreciation and amortisation for the first half to be around EUR1.0 billion, with more progress on earnings expected in the second half.
CRH will publish interim results on August 25.
By Sam Unsted; [email protected]; @SamUAtAlliance
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