Ireland: CRH’s sales revenue has risen by 35% year-on-year to Euro12.7bn in the first half of 2016 from Euro9.38bn in the same period of 2015. On a proforma basis - or adjusted for acquisitions, divestments and currency changes – sales revenue rose by 8%. CRH’s earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 20% to Euro1.12bn on a proforma 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 continued positive momentum in the Americas and the modest impact of early-stage economic recovery in Europe, assuming normal weather conditions for the remainder of the season, we expect further progress in the second half with full year reported EBITDA in excess of Euro3bn."