CRH : CRH and the rest of the world!
>A good Q3 and a 50bp improvement in the margin - EBITDA was $ 1.9bn (+4% l-f-l and 5% in real terms), in line with our forecast of $ 1.85bn. Unlike other groups in the sector, CRH has reported a 50bp improvement in its EBITDA margin to 17.1%. The geographic/business mix is, in our view, responsible for the better price effect that at competitors. Q3 sales were $ 8.8bn benefiting from a good level of activity in Europe (+6% l-f-l) and to a lesser extent in the US (+...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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