Earnings at Ireland’s biggest company, CRH, increased in the nine months to the end of September, despite a fall in sales. The group reported earnings before interested, taxation, depreciation, and amortisation (ebitda) of $3.4bn (€2.86bn) for the period, an increase of 2pc on last year. Sales declined 2pc to $20.6bn (€17bn), according to a trading update. Looking to the rest of this year, CRH says it expects full-year ebitda to be in excess of $4.4bn (€3.7bn), which is ahead of 2019 on a like-for-like basis. The group reported $65m of non-recurring Covid-19 related restructuring items in the first six months of the year and it expects to incur similar costs in the second half of 2020.

Source: Irish Independent November 24, 2020 07:29 UTC