CRH : Acquisition in Texas to get back on track
>Q3 EBITDA in line – dividend up 5% - CRH reported 9M EBITDA in line with the consensus at $ 4.8bn, +14% and +9% l-f-l (Q3 at +10% l-f-l). Sales came in 8% higher in real terms and 3% higher l-f-l over nine months at € 26.3bn. The group highlighted broadly positive underlying trends in the main markets, albeit with lower volumes in cement/asphalt/aggregates/concrete in the Americas (-2/-5%) and Europe (-6/-15%). Price effects continued to drive earnings momentum. CRH...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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