Regional Outlooks Appear to Be Improving for CRH, but Shares Are Fairly Valued
In 2018, CRH's EBITDA rose 7% over the prior year to nearly EUR 3.4 billion. Acquisitions boosted results, as organic EBITDA growth was slower at 3%. Continued stabilization in Europe and strength in the Americas helped offset continued challenges in the company’s Asia businesses, where EBITDA fell 44%.CRH did not provide specific 2019 guidance other than signaling continued progress across all three markets. We forecast 13% EBITDA growth in 2019, with nearly one third stemming from synergy re...
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