Sales revenue growth pleases investors as CRH shares rise 2.5% in trading

Shares in concrete and cement products giant CRH rose by over 2.5%, to €19.05, yesterday on the back of the Dublin-based group reporting like-for-like sales growth of 2% for the third quarter of the year.

Including the net impact of acquisitions, disposals and exchange rate movements, the group saw overall sales revenues for the quarter, top €5.4bn, bringing revenue for the first nine months of the year to €13.4bn; marginally down on a re-stated basis.

In its latest trading update, CRH said the better third quarter showing was aided by much improved weather conditions in the US in August and September. Revenues in the Americas division grew by 4%, year-on-year, with European sales close to 2012 levels.