CRH - November 2015

In its autumn trading statement, CRH said that turnover in the first nine months for the existing operations improved by two per cent in Europe and by 28 per cent in the Americas, or 16 per cent overall. EBITDA should be ahead by around three per cent in Europe and by 40 per cent in the Americas, having seen a 25 per cent rise during the first half (+4 per cent in Europe and +57 per cent in the Americas). That is expected to result EBITDA of some EUR1940m, excluding the recently-acquired assets from LafargeHolcim. Depreciation and amortisation charges are expected to be above EUR900m, compared with EUR724m in 2014 and the net interest charge is forecast to be around EUR400m, up from EUR288m.

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