CRH - November 2014

In its autumn trading statement, CRH announced that turnover improved by three per cent in Europe and by five per cent in the Americas, or four per cent overall. EBITDA should be ahead by around 10 per cent on both sides of the Atlantic, having seen a 27 per cent rise during the first half (+61 per cent in Europe and broadly unchanged in the Americas). Depreciation and amortisation charges are expected to be around five per cent lower than in 2013 and the net interest charge is forecast to be in line with the 2013 charge. Six bolt-on acquisitions were made in the third quarter and total development expenditure in the period amounted to some EUR170m higher.

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