Brief: CRH CEO sees H2 mid to high single digit price rises in U.S.

CRH

24/08/2023 12:45

Aug 24 (Reuters) - CRH PLC  CRH.L  Reuters interview:
    * CRH CFO SAYS PIPELINE IS GOOD FOR M&A
    * CRH CEO SAYS THERE WILL BE FURTHER PRICE INCREASES IN H2
ACROSS
EUROPE AND U.S., PARTICULARLY IN THE U.S.
    * CRH CEO SAYS PRICE INCREASES WILL CONTINUE OVER NEXT
COUPLE OF
YEARS TO TRY TO RECOVER ALL COSTS INCREASES WE SAW LAST YEAR
    * CRH CEO SAYS WILL PROBABLY TAKE THREE OR FOUR YEARS OF
PRICES
HIKES TO RECOVER 2022 COST INCREASES IN EUROPE
    * CRH CEO SAYS H1 PRICE INCREASES VARIED, MID-SINGLE TO
DOUBLE
DIGIT IN SOME PARTS OF EUROPE THAT HADN'T INCREASES FOR A COUPLE
OF YEARS
    * CRH CEO SAYS IMPLEMENTED MID-SINGLE TO DOUBLE-DIGIT PRICE
INCREASES IN THE U.S. IN H1, EXPECT MID TO HIGH SINGLE DIGIT IN
H2
    * CRH CEO SAYS RESIDENTIAL ACTIVITY WILL REMAIN SUBDUED
CERTAINLY
FOR REMAINDER OF 2023, ALL DOWN TO INTEREST RATES
    * CRH CEO SAYS  RECORD PROFITABILITY LOOKS GOOD TO CONTINUE
INTO
2024

Further company coverage:  CRH.L 

 (Reporting By Padraic Halpin)
 ((Padraic.Halpin@thomsonreuters.com;))