CRH : A record H1 pending inclusion in the S&P
>Q2 EBITA 4% above expectations and record margins - Q2 EBITDA was $ 2.3bn, up 13% and 14% above the consensus forecast of $ 2.2bn. This forecast was due to the good level of activity in the US (despite the weather), good pricing and strict cost controls. Q2 sales were stable in real terms and down -1% l-f-l to $ 9.7bn. CRH announced a record margin of 16.7% up 180bp. Management continues to contribute these margins gains to positioning solutions rather than products...CRH is a diversified international building materials company. Co. is engaged in the manufacture and distribution of a range of building materials products from the fundamentals of heavy materials and elements to construct the frame, through value-added products that complete the building envelope, to distribution channels which service construction fit-out and renewal. Co. operates seven operating segments: Europe Heavyside, Europe Lightside, Europe Distribution, Americas Materials, Americas Products, Americas Distribution and Asia.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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