CRH : Q1 in line but investors (still) fear a recession
>Q1 sales driven by the Materials activities (+7% in real terms and +5% l-f-l) - CRH reported its Q1 IMS with, as usual, the main trends on an organic and real basis. Growth came to 7% in real terms and +5% l-f-l. Although we think that this growth appears driven mainly by price effects above all in Europe, the group nonetheless posted trends that were once again positive for volumes, notably in the US. By division, all segments reported increases apart from Building ...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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