CRH lifts first-half earnings estimate by EUR 100m

CRH lifted its earnings estimate on Friday, as a result of exceptional trading in the second quarter.

The FTSE 100 firm had indicated on 27 April that total group EBITDA for the first half of 2016 was expected to be close to €1bn.

“Based on the trading performance in the latter part of Q2, we now expect total Group EBITDA for the first half of 2016 to be approximately €1.1bn,” CRH said in a short update.

The company’s full interim report for the first six months of 2016 is scheduled for release on 25 August.