Wednesday , March 3 2021

CRH directs 6% revenue to improve markets



CRH expects profits for the year 2018 for 3,359 million euros, 6% more than last year.

In the latest trade updates, the construction materials company posted an inter-annual rise of 8%, according to interest income, taxes, depreciation and amortization of 2,500 million euros in the first nine months of the year, driven by continued positivity in European operations and Asian demand improvement. It is active in China, India and the Philippines.

With high volume and price improvements and a high demand for the latest market, CRH has had a great deal of difficulty in a short time, with 9% sales up 9% in nine months.

The Philippine market also contributed more to government spending.

"Until 2019, we expect the fundamental fundamentals of the market to continue throughout our main markets," he said.

The CRH said that it is a strategic revision of the European distribution business, with a 1% increase in sales in the first nine months of the year, but a 4% reduction in profits.

The planned plan envisages the creation of a financial capacity of € 7 million in 2021, which is due to "anticipate progress" and is expected at the beginning of the planned delivery dates next year.

"Within this growth plan, we have identified approximately 100 million euros of savings in cost savings, especially in the case of reduction, back office rationalization and regional support functions for centralized and more coordinated," he said.

The CRH also said that the third phase of its 1,000 million euro reimbursement plan began, and at the end of December it had to spend more than 100 million euros.


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