CRH Plc Q3 Sales Revenues Rise; Backs H2 EBITDA View - Quick Facts

(RTTNews) - UK-based building materials group CRH Plc (CRH.L, CRH) reported Tuesday that its third-quarter overall sales revenue was 5.4 billion euros, 2 percent ahead of last year's restated sales of 5.3 billion euros.

Like-for-like sales growth was 2 percent, reflecting European sales close to 2012 levels and a 4 percent improvement in the Americas.

Earnings before interest, tax, depreciation and amortization or EBITDA for the quarter, which included negative currency translation effects, amounted to 0.66 billion euros, 3 percent ahead of last year.

Further, assuming normal weather patterns for the remainder of this year, the company anticipates that EBITDA for the last three months of the year will be similar to 2012.

Against this backdrop, the company reiterated the guidance provided in August of second-half EBITDA in line with last year's restated second-half EBITDA of 1.04 billion euros.

The company said that it has identified additional cost savings, and the program is now expected to deliver savings of 195 million euros in 2013 which will bring cumulative savings to 2.6 billion euros by end 2015.