Report
Sven Edelfelt

CRH : In the US dollar we trust!

>Recap on 2019 earnings - EBITDA came in at € 4.2bn, up +25% (+7% l-f-l and consensus at € 4.152bn). Like other companies in the sector, CRH generated a good rate of conversion into cash of > 80% for cash flow of € 3.5bn in 2019, well above the € 2.4bn in 2018. Net debt under IFRS 16 decreased to € 6.7bn from € 7.0bn in 2018 and compared to the consensus forecast of € 7.056bn (net/EBITDA ratio 1.7x). This fall was due mainly to the good operating performance but also ...
Underlying
CRH Plc

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Sven Edelfelt

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