By Sabela Ojea

 

CRH PLC said Wednesday that like-for-like sales increased in the first quarter as its Americas and Europe materials businesses reported growth, which is set to continue.

The Irish building-materials supplier said like-for-like sales rose 13% in the period, with its Americas materials division growing by 9% and its Europe materials business sales rising by 18%. The company's building-products division recorded growth of 12%, it said.

The company said it has had a positive start to 2022, with demand expected to remain favorable despite current uncertainties. It said sales, earnings before interest, taxes, depreciation and amortization, and its margin for the first half of the year are anticipated to be above the prior year's.

 

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

 

(END) Dow Jones Newswires

April 20, 2022 02:35 ET (06:35 GMT)

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