CRH : Buoyed by US infrastructure
>Feedback on H1 2020 results - EBITDA came in at $ 1.6bn, up 2% l-f-l and 31% ahead of the consensus of $ 1.22bn. We were slightly more pessimistic and forecast EBITDA of $ 1.1bn. This performance was driven by a reduction in fixed costs of $ 200m and the group benefited from a good level of business in the infrastructure segment in the US. Sales came in -5% lower in absolute terms and -3% lower l-f-l in H1 at $ 12.2bn. Net debt contracted to $ 7.8bn vs $ 11.6bn in H1...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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