Sales at builders materials group CRH rose by 22% year-on-year to €20.4 billion between January and September, according to the company’s latest trading update.
Stripping out the impact of a significant acquisition made during the period, sales were up 6%.
CRH said third quarter trading benefited from continued growth in the Americas, albeit at a more modest pace than in the first half of the year – which had benefited from favourable early season weather.
Meanwhile, in Europe trading momentum remained positive in the last quarter and the company expects Europe EBITDA for 2016 to be in excess of €1 billion.
EBITDA for the first nine months of the year was €2.4 billion, an increase of 14% on a pro-forma basis when compared with the same period in 2015.
CRH said it expects full year earnings before accounting for tax, depreciation and interest on debt to be 35% higher than last year, at more than €3 billion.
The group will issue preliminary full-year results next March.
