CRH : No time limit can be imposed
>2023 EBITDA above forecasts (2%). - CRH has released its results under US GAAP. EBITDA came to $ 6.2bn (+15% in real terms), or $ 6.5bn under IFRS, up 2.0%, above our forecast and the consensus ($ 6.3bn). The group reported a 120bp improvement in its EBITDA margin to 17.7%.Net debt totalled $ 5.4bn vs $ 3.9bn at end-2022 (and $ 5.1bn under IFRS at end-2022). The group spent $ 0.7bn on bolt-on acquisitions, mainly in Building Products in the US ($ 0.4bn) and Euro...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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