CRH : Buoyed by the prospect of stimulus plans
>Feedback on H1 2021 results - EBITDA came in at $ 2.0bn, up 19% l-f-l and 5% ahead of the consensus of $ 1.9bn. We were slightly more pessimistic and forecast EBITDA of $ 1.8bn. This performance was due to a sustained level of activity in Europe and the US, good pricing and tight control of costs. Sales were up 15% in real terms and 10% l-f-l in H1 to $ 14bn. Net debt contracted to $ 6.0bn vs $ 7.8bn in H1 2020. The group spent $ 0.9bn in acquisitions YTD (mainly in ...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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