CRH : Not very inspiring Q1 numbers
>A decent Q1 but hardly impressive - In its interim management statement for Q1, CRH shows fairly underwhelming growth compared to its rivals. These trends can be attributed to a fairly demanding comparison base, in our view. In Q1, sales showed growth of +3% l-f-l thanks to a solid performance in its building products division (+12% l-f-l). The consensus was forecasting 1.5%. By geographic zone, the America materials division chalked up a decline of 1% l-f-l (Q1 2020...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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