CRH American industry offsets poor Euro weather
Building materials group CRH has released a trading statement ahead of its interim results, which will be published in August.
In March’s AGM statement it was reported that overall trading was positive. Poor weather in northern Europe disrupted some activity, but American operations started strongly, continuing well through May and June.
CRH expects that pre-tax profits for the six months to June 30, 2005, will show a percentage increase in the high teens compared with 2004.
Also this morning, the company announced that 31 development initiatives worth €231m were undertaken in the first half of this year.
These include the acquisition of 40% of a concrete paving producer, major capital investment in Poland, a kiln conversion project in Ukraine and the purchases of a leading Belgian stone supplier and a Dutch fencing company.
