Ireland: CRH’s financial results for the first half of 2018 have been negatively affected by poor weather in Europe and North America. Its sales revenue rose by 1% year-on-year to Euro11.9bn in the reporting period. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 1% to Euro1.13bn from Euro1.12bn.
“We have had a good first half, despite significant weather disruption in Europe and North America in the first quarter. Construction markets continued to recover and pricing gathered momentum in key European markets, while there was solid volume and price growth against a positive economic backdrop in the Americas,” said chief executive Albert Manifold. He added that the company was experiencing ‘challenging’ conditions in the Philippines.
