CRH : Q3 2020 not particularly impressive but strengths for 2021
>Review of IMS’ Q3 2020 - A decent Q3, probably somewhat light given the performance delivered by peers but CRH was ahead! Q3 EBITDA was up +3% l-f-l after +2% l-f-l in H1. The group had expected profitability to be in line with the level of last year. 9M sales were $ 20.6bn, down 3% l-f-l perfectly in line with the decline observed in H1 2020. With regards to activity, the main surprise stemmed from the 11% l-f-l decline at the America Materials division after just -...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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