CRH : H1 2019 in line with forecasts
>Recap of H1 2019 results publication - EBITDA came in at € 1.54bn, up 5% l-f-l, in line with the consensus of € 1.51bn and the group’s guidance of “above € 1.5bnâ€. Our estimates were a shade more pessimistic and we were forecasting a marginally lower EBITDA given the bad weather in the US. Sales were up 11% in real terms and 3% in LFL in H1 to € 13.2bn. Net debt contracted to € 5.4bn (€ 7.0bn under IFRS 16) from € 7.0bn in H1 2018. This amount, in line with expectati...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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