Skip to main content

CRH 3Q18 update shows continued earnings growth

Published by
World Cement,

CRH reported earnings up 4% in 3Q17 and 2% for the first nine months of the year in its latest trading update. Year-to-date earnings stood at €2.43 billion on sales of €20.7 billion.

In Europe, the company reported positive momentum with sales up 2% in the first nine months of the year and earnings up 3%. The company added that it expected similar momentum in the final quarter with full-year earnings for Europe to be up around 4% on the €1.1 billion reported in 2016.

CRH’s Americas business continued to benefit from “the continuation of stable market fundamentals in the US and good underlying demand,” despite the impact of unfavourable weather conditions. Full-year earnings are expected to end 5% ahead of the €1.9 billion reported in 2016.

Asia proved more challenging, however, particularly in the Philippines, where like-for-like sales were 9% behind last year, despite a slight improvement in 3Q17. Like-for-like earnings were 45% behind 2016, “due to lower selling prices combined with higher fuel and power costs” – trends that are expected to continue for the remainder of the year.

Overall, the company expects earnings to hit more than €3.2 billion, up from €3.13 billion in 2016, including European earnings of more than €1.2 billion and Americas earnings around €2 billion.

Read the article online at:

You might also like



WCT2020 provides a unique online forum for cement industry professionals to hear first-hand from experts through a series of exclusive presentations from cement producers and industry experts.

Find out more and register for the series »



World Cement Spotlight with Rockwell Automation

World Cement Editor, David Bizley, sat down with Michael Tay, Advanced Analytics Product Manager at Rockwell Automation to discuss his recent article in World Cement.

Entitled ‘Smooth Sailing’, this article explains how machine learning can help save energy, reduce downtime and predict equipment failures, thus enabling the smooth running of cement plant operations.

Watch the interview now »


Embed article link: (copy the HTML code below):


This article has been tagged under the following:

US cement news European cement news